Topic
Proxy Contests
57 published works
Securities Law Prof Blog
Icahn Purchases Yahoo Stock and Considers Proxy Contest
Carl Icahn reportedly has purchased about 50 million shares of Yahoo stock since Microsoft withdrew its bid and is trying to decide whether to launch a proxy campaign to replace…
Securities Law Prof Blog
Yahoo Does Not Respond to Microsoft’s Deadline
Saturday was the deadline Microsoft gave Yahoo to agree to a deal. Now Microsoft must decide whether to back away or go forward with a hostile tender offer and proxy…
Securities Law Prof Blog
Waiting for Microsoft’s Next Moves
What will Microsoft do, now that the Yahoo board has formally rejected its $45 billion offer as "massively" undervaluing the company? Likely next moves range from the aggressive, such as…
Securities Law Prof Blog
Gordon on Proxy Access
Proxy Contests in an Era of Increasing Shareholder Power: Forget Issuer Proxy Access and Focus on E-Proxy, by JEFFREY N. GORDON, Columbia Law School; European Corporate Governance Institute (ECGI), was…
Securities Law Prof Blog
CNet Networks May be Target of Proxy Contest
A consortium of investment funds led by Jana Partners reportedly seeks to take control of the board of directors of CNet Networks, whose shares have underperformed its competitors.' The group…
Securities Law Prof Blog
Hedge Funds Want Changes at Brink’s
Millbrook Capital, an activist hedge fund, wants Brnk's to split its armored-truck and security provider units into two separate companies. To that end, it plans a proxy contest for four…
Securities Law Prof Blog
H&R Block Plans Annual Elections of Directors
H & R Block, facing a proxy contest from former SEC Commissioner turned investor, Richard C. Breeden, announced that the board of directors had decided to declassify the eleven-person board…
M & A Law Prof Blog
The Battle for Topps
The battle for Topps Company, Inc. continues to heat up. On May 24, 2007, the company announced that it had received a $416 million offer from its rival, The Upper…
M & A Law Prof Blog
Lessons from the Motorola/Carl Icahn Proxy Contest
Theodore Mirvis of Wachtell, Lipton, Rosen & Katz has posted to the Harvard Law School Corporate Governance Blog Wachtell's memo on lessons from the Motorola/Carl Icahn proxy contest. Icahn, who…
Securities Law Prof Blog
Ichan’s Proxy Fight for Motorola Board Seat Fails
At Motorola's annual shareholders' meeting yesterday, Carl Icahn's proxy fight for a seat on the Motorola board failed, as the big investors decided to give management's plan time to work. …