Topic
Proxy Contests
57 published works
Securities Law Prof Blog
Latest in Icahn’s Campaign for Motorola Seat
Carl Icahn stepped up his campaign for a seat on the board of Motorola with a full-page ad addressed to shareholders sharply critical of CEO Ed Zander's performance. The shareholders'…
M & A Law Prof Blog
Today’s Takeover News Round-up
Alcoa, Inc. announced yesterday that it is exploring a disposition of its packaging and consumer businesses which include the iconic and useful product aluminum foil. The business currently constitutes 10%…
Securities Law Prof Blog
Proxy Advisers’ Different Views on Icahn’s Motorola Proxy Contest
Carl Icahn, who has brought 2.9% of Motorola stock since January, is waging a proxy contest to elect one seat on the board at the May 13 shareholders meeting. Yesterday…
Securities Law Prof Blog
Home Depot Averts Proxy Fight
Home Depot averted a proxy fight by entering an agreement with Relational Investors: David Batchelder, founder of Relational Investors, will go on the board and join the Audit and Compensation…
Securities Law Prof Blog
Proxy Contest for Tribune Board?
The WSJ speculates that the Chandler family, the largest shareholder of the Tribune, may announce a proxy contest for more seats on the board as the Tribune considers proposals for…
Securities Law Prof Blog
Home Depot may face proxy fight
Today's WSJ reports that Home Depot is meeting with activist investor Ralph V. Whitworth, who has threatened a proxy fight if the company does not reassess its business strategy. See…
Delaware Corporate & Commercial Litigation Blog
Sovereign Proxy Battle
Here are links to details about a dispute between Sovereign Bank and its largest shareholder, Relational Investors, in connection with Relational's efforts to put 2 of its designees on the…