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Canada Business Corporations Act BCE Inc v 1976 Debentureholders , 2008 SCC 69 (CanLII), [2008] 3 SCR 560 [ 2 ] is a leading decision of the Supreme Court of Canada on the nature of the duties of corporate directors to act in the best interests of the corporation, "viewed as a good corporate citizen".
On 31 October 2005, O2 plc agreed to be taken over by Telefónica, a Spanish telecommunications company, with a cash offer of £17.7 billion, or £2 per share. [15] According to the merger announcement, O2 retained its name and continued to be based in the United Kingdom, keeping both the brand and the management team.
A shareholder rights plan, colloquially known as a "poison pill", is a type of defensive tactic used by a corporation's board of directors against a takeover.. In the field of mergers and acquisitions, shareholder rights plans were devised in the early 1980s to prevent takeover bids by limiting a shareholder's right to negotiate a price for the sale of shares directly.
The most common share repurchase method in the United States is the open-market stock repurchase, representing almost 95% of all repurchases. A firm will announce that it will repurchase some shares in the open market from time to time as market conditions dictate and maintains the option of deciding whether, when, and how much to repurchase.
The stock started 2024 with a pretty expensive multiple, only to end the year with an even pricier one (shares go for almost 42 times trailing price-to-earnings (P/E)).
Some investors are growing concerned about whether buyout firms can deliver the 15% to 20% annual returns they target when they raise new funds. Analysis: Private equity investors fret over record ...
In mergers and acquisitions, a mandatory offer, also called a mandatory bid in some jurisdictions, is an offer made by one company (the "acquiring company" or "bidder") to purchase some or all outstanding shares of another company (the "target"), as required by securities laws and regulations or stock exchange rules governing corporate takeovers.
A tender offer can be made where the acquiring company makes a public offer at a fixed price above the current market price. [3] An acquiring company can also engage in a proxy fight , whereby it tries to persuade enough shareholders, usually a simple majority , to replace the management with a new one which will approve the takeover. [ 3 ]