U.S. drugstore chain Walgreen Co. said its board has approved a buyback of $1 billion shares and set a regular quarterly dividend. Get the full story »
Inside these posts: Shareholders
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Sanofi launches hostile $18.5B bid for Genzyme
French drugmaker Sanofi-Aventis launched a hostile bid for Genzyme at $69 per share on Monday, taking its $18.5 billion offer direct to shareholders after Genzyme management refused to negotiate. Get the full story »
Most Hewitt holders want Aon stock in buyout
From BusinessWeek | Most of the stockholders of Hewitt Associates Inc. have decided to receive shares of Aon Corp. as part of the $4.9 billion sale of the human resources specialist.
Sep. 27, 2010 at 11:51 a.m.
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Filed under: Airlines, Airplanes, Airports, Consumer news, M&A How AirTran-Southwest merger affects customers
By Sara K. Clarke, Orlando Sentinel | Orlando-based AirTran Airways said today it has agreed to be bought by Dallas-based Southwest Airlines, which is the busiest carrier at Orlando International Airport. What does this mean for customers and shareholders? Read on to see: Get the full story »
Mesirow Financial reports robust revenues for 2010
Chicago-based Mesirow Financial said fiscal 2010 was its best year ever, despite lingering sluggishness in the economy.
Revenues for its fiscal year ended Mar. 31 rose 13 percent to $526 million, due to “spectacular” performances from the privately-held and employee-owned firm’s institutional sales and trading and advanced strategies businesses, as well as “strong” contributions from private equity, consulting and insurance services.
Stockholders’ equity, held by about 300 of its employees, increased nearly 20 percent to $299 million. Get the full story »
Sep. 21, 2010 at 3:34 p.m.
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Filed under: Credit Cards, Credit repair, Litigation, Updated Shareholder sues to bar Discover’s Citi deal
A Student Loan Corp. shareholder has sued to block the sale of the company by majority owner Citigroup Inc. because it benefits the Wall Street bank at the expense of minority investors, according to a lawsuit.
Citigroup, which owns 80 percent of the Stamford, Connecticut-based student lender, agreed last week to sell it to Discover Financial Services for $600 million. Get the full story »
United shareholders approve Continental merger
United CEO Glenn Tilton, left, and Chicago Mayor Richard Daley at a press conference on the United-Continental merger on May 4, 2010. (José M. Osorio/Chicago Tribune)
Chicago-based United Airlines shareholders on Friday overwhelmingly voted to approve a deal to combine with Continental to form the world’s biggest airline.
Meanwhile in Houston, Continental shareholders also gave the merger a thumbs up.
Shareholders of United parent UAL Corp. met in Elk Grove Township on Friday morning to vote on the $3 billion stock swap. The companies expect the deal to close in the next two weeks. Get the full story »
United-Continental to keep Cleveland operations
United and Continental Airlines agreed on Monday to maintain a hub in Cleveland for at least five more years, as Ohio Attorney General Richard Cordray ended his antitrust investigation of the mega-merger.
The announcement clears one of the last remaining roadblocks to the tie-up, which will create the world’s largest carrier. The Justice Department, which had been expected to provide the closest scrutiny of the deal, concluded its antitrust probe last month.
United and Continental shareholders will vote on Friday to formally approve the financial union of the two airlines. The deal is slated to close on Oct. 1, when Continental CEO Jeff Smisek will become chief executive of the new United. Get the full story »
EBay wins legal ruling against Craigslist
EBay Inc. on Thursday won a lawsuit over Craigslist Inc.’s move to deprive the online auction giant of its seat on the online classifieds group’s board. Get the full story »
Aug. 25, 2010 at 1:34 p.m.
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Filed under: Corporate governance, Government, Investing, Policy Investors get more power to nominate directors
The Securities and Exchange Commission on Wednesday approved changes that make it easier for shareholders to nominate directors of public companies.
The 3-2 vote allows groups that own at least 3 percent of a company’s stock to put their nominees for board seats on the annual proxy ballot sent to all shareholders. The new financial overhaul law enacted last month gave the SEC the authority to make the change. Get the full story »
SEC to meet next week on proxy access rules
Securities regulators will meet on August 25 to consider giving shareholders more power to nominate company directors.
The Securities and Exchange Commission on Wednesday posted on its website an agenda for the meeting next week, in which it will consider whether to adopt the reforms, a contentious issue known as “proxy access.” Get the full story »
Shareholders sue HP over Hurd fallout
Shareholders of Hewlett-Packard Co. have filed a “derivative lawsuit” against the technology company and its board over fallout from former CEO Mark Hurd’s abrupt resignation last week.
A derivative lawsuit lets shareholders sue executives or board members over claims that their actions harmed the company. Get the full story »
