This deal involves an exchange of Nano common stock for convertible preferred voting stock
of Xuan Wu resulting in a change of control of XNWU which is now controlled by Melvin Ehrlich, Ph.
The district court concluded plaintiffs' action hinged on the validity of the transfer of voting stock
from the family matriarch's revocable trust to plaintiffs' brother, ruling that the transfer did not violate company bylaws.
Where bylaws' restriction on transfer only granted right of first refusal to holders of class of stock being transferred, plaintiffs had no right to notice of transfer because they held different class of stock and where sole owner of voting stock
evidenced clear intent to maintain control.
Shareholders controlling nearly two-thirds of the voting stock
of Ash Grove Cement Co., Overland Park, Kan., approved a $3.5 billion merger agreement with Oldcastle Inc.
Ash Grove Cement Co.'s previously announced Agreement and Plan of Merger with CRH plc, under which CRH plc will acquire Ash Grove, has been approved by stockholders holding more than a majority of the outstanding voting stock
, acting by written consent.
A Schedule 13D is required to be filed by any person or group within 10 days of acquiring ownership of more than 5 percent of a company's outstanding voting stock
. Any material changes in ownership (more than 1 percent of the outstanding voting stock
) require the filing of an amendment.
The 88-year-old Smith has controlled 70.2 percent of the voting stock
, and a filing with the U.S.
(i) by acquiring, purchasing or owning up to 100 percent of the voting stock
of an existing bank;
As of late Dec 2012 the company's shareholders were Telenor (42.95% voting stock
) and Altimo (47.8517% voting stock
The rater added that any change in the bank's "voting rights composition is not immediately likely, but should Yahoo Japan Corporation (TYO:4689) convert all of its non-voting stock into voting stock
", that could lead to some tension in the relations between the group and Sumitomo Mitsui.
Pursuant to the Term Sheet and once binding documents and precedent conditions have been verified to mutually agreed, TAM will acquire a minority stake in TRIP, representative of 31% of its total capital stock and 25% of its voting stock
and the remaining in preferred shares.