Control share acquisition definition
Examples of Control share acquisition in a sentence
Control share acquisition statutes function by denying shares their voting rights when they contribute to ownership in excess of certain thresholds.
Control share acquisition statutes prevent shareholders that acquire more than a certain percentage of a target company’s stock from voting those shares unless the other disinterested shareholders approve.
Oberlies and Jackson Guo Early last Friday, August 23, 2019, before the U.S. stock market opened, China’s Ministry of Finance announced that it will apply new tariffs of between 5 percent and 10 percent on $75 billion worth of imported goods from the United States.
As the Commission observed in 2016, along with contested director elections, dissident shareholders commonly included proposals consistent with reducing the discount of the share price to the net asset value, such as terminating the advisory contract and commencing a self-tender offer.14 Control share acquisition statutes provide a company with the right to prevent or restrict certain changes in corporate control by altering or removing voting rights when a person acquires control shares.
Section 1701.831 of the Ohio Revised Code captioned "Control share acquisition; prior shareholder authorization required", shall not apply to control share acquisitions of the Corporation's shares.