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SharkRepellent.net7 page (3616 word) report
published Nov 23, 2009
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...owner of 20% of the voting shares) for a period of five years unless the transaction is approved by board of directors prior to the date the person became an interested shareholder or the transaction is approved by a majority of shareholders not including the interested shareholder, at the time of the vote the interested shareholder beneficially owns 80% of the voting stock, and fair price requirements are met. The provision also does not apply to business combinations unanimously approved by shareholders. Business combinations include various merger, consolidation, division, exchange or sale transactions, including transactions utilizing the company's assets for purchase price amortization or refinancing purposes. After the five-year period, a business combination may only take place if it's approved by a majority of shareholders not including the interested shareholder or if certain fair price requirements are met. The company has opted out of this provision. ("Freezeout with fair price...
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| Source: | SharkRepellent.net
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| Ticker: | EDMC
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| Free Sample: |
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| Format: | | PDF |  |
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The SharkRepellent.net Takeover Defense Profile provides an overview of a company's key takeover defenses. This report can help investment professionals understand how a company has chosen to defend itself from potential unsolicited takeovers and proxy contests. It covers the board's structure, the ability of shareholders to call special meetings and remove directors, details of poison pill plans and whether or not the company has "opted out" of any state takeover statutes. The report also includes a benchmarking section allowing easy comparison of key defense provisions to industry peers as well as firms in the S&P 500, DJIA, Nasdaq 100 and the Fortune 500.
