The board of directors of Target Corp., the Minneapolis-based retailer, have adopted a shareholder rights plan to protect the company against a potential hostile takeover. The new plan is substantially the same as an older protection package ...
Netflix Inc., the pioneering online rental service whose bottle-rocket growth has attracted big-name imitators, has adopted an anti-takeover plan meant to deter unwanted suitors. Details of the plan are contained in the company's annual proxy Netflix Inc., the...
In an unusual move to save its "Concert" takeover, British Telecom lowered its purchase price for MCI Communications by $5 billion to around $19 billion. The huge merger-still the largest foreign takeover of an American firm-ran into trouble In an unusual move to save its "Concert" takeover,...
Feb. 1--In its strongest broadside yet, Hasbro yesterday said Mattel's takeover plan has hurt the company during "critical" negotiations with U.S. and European retailers who are buying toys for the 1996 Christmas season. Feb. 1--In its strongest broadside yet, Hasbro yesterday said Mattel's takeover plan...
NEW YORK--BUSINESS WIRE--Sept. 30, 1997--Guy P. Wyser-Pratte, an ITT Corporation (NYSE: ITT) shareholder who beneficially owns 600,000 shares, and who filed an amicus brief urging the Nevada Federal court to enjoin the ITT anti-takeover plan, said today that the court's decision was a major victory for fundamental shareholder rights, and...
AVIVA has insisted it will only pursue a AGBP16.8bn purchase of rival Prudential if the smaller insurer's board changes its mind about the bid. AVIVA has insisted it will only pursue a AGBP16.8bn purchase of rival Prudential if the smaller insurer's board changes its...
“Poison pills” work to thwart hostile takeovers, but they can also turn shareholders against you. How It Works Most poison-pill agreements are triggered when an outside company or individual — think Carl Icahn, for example — acquires ...
Under the government takeover plan of Fannie Mae and Freddie Mac announced Sunday, top executives and board of directors from both troubled mortgage lenders -- which hold or guarantee more than $5.2 trillion of the nation's $12 trillion of mortgages -- are being replaced. Curious as to how much Daniel...
Under the government takeover plan of Fannie Mae and Freddie Mac announced Sunday, top executives and board of directors from both troubled mortgage lenders -- which hold or guarantee more than $5.2 trillion of the nation's $12 trillion of mortgages -- are being replaced. Curious as to how much Daniel...
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