May 8, 2008 |
Like politicians ending a bitter campaign, the activists and company officials who have bloodied each other in a proxy fight for influence over Charming Shoppes Inc. will meet today for the corporate equivalent of election night - the shareholder meeting. Hanging in the balance as final votes are cast at the 10 a.m. meeting at the Bensalem headquarters of the company, whose operations include the Lane Bryant and Fashion Bug chains, will be the fate of chief executive officer and board chairwoman Dorrit J. Bern.
December 14, 1996 |
Norfolk Southern Corp. yesterday sought an injunction in U.S. District Court in Philadelphia to block Conrail Inc. from postponing its scheduled Dec. 23 shareholders meeting. At the meeting, Conrail shareholders will be asked to vote on whether to opt out of a provision of the Pennsylvania anti-takeover law. If they vote in the affirmative, that would, effectively, clear the way for the Philadelphia freight rail company to merge with CSX Corp., of Richmond. Conrail has said that if it does not get enough votes to clear the merger at the meeting, it may postpone the vote, or hold another one. In its motion, Norfolk Southern, which has launched a hostile bid for Conrail, accused Conrail and CSX of "subverting the processes of corporate democracy.
September 17, 2010 |
Shareholders at Continental Airlines Inc. and UAL Corp. approve a deal to form the world's biggest airline. Continental officials announced preliminary results of voting during a shareholder meeting Friday in Houston. United shareholders approved it at a meeting near Chicago. The votes clear the way for the $3 billion stock swap to close in about two weeks. It likely will be some time before passengers notice much difference when they fly Continental or United. The combined airline will be called United and based in United's hometown of Chicago, run by Continental's CEO.
June 6, 2014 |
Time Warner Cable Inc., the nation's second-largest cable-TV company, will hold its annual shareholder meeting Thursday in New York, and the proposed $45.2 billion merger with Comcast Corp. is not part of the agenda. The meeting follows a tumultuous year at Time Warner Cable in which the company lost hundreds of thousands of cable-TV customers and then became a target of an unfriendly takeover by Charter Communications Inc. Comcast, the nation's largest cable-TV operator, negotiated a friendly all-stock deal to acquire Time Warner Cable that was announced in February.
March 8, 1989 |
The New York investment group that is pursuing a hostile takeover of Pennwalt Corp. yesterday flatly rejected the company's offer to open its confidential books. A spokesman for the group, Centaur Partners, said the proposed confidentiality offer had been turned down because it contained an unreasonable request to cease action on its tender offer. Centaur has been asking to peek at the top-secret books since June, when it began to amass stock in the giant Philadelphia chemical company.
May 14, 2009 |
Comcast Corp. has no plans to sell its majority ownership stakes in the Sixers and Flyers because of the weak economy, chief executive officer Brian L. Roberts said in response to a question at the cable company's annual shareholder meeting yesterday morning. He noted that the company has about $31 billion in debt, which it can pay off over 15 years. Comcast welcomed new leadership at the Federal Communications Commission, Roberts said, adding that he believed the company would have a dialogue with government officials about product bundling and the evolution of technology.
April 26, 2014 |
Philadelphia's trademark inflatable union rat, which showed up Thursday outside the Northeast Philadelphia corporate headquarters of Crown Holdings Inc., might be local, but the union protest at the $8.6 billion company's annual meeting was strictly global. Organizing the protest were members of a Canadian local of the United Steelworkers union, based in Pittsburgh. The local has been on strike since September at Crown's plant near Toronto. In Turkey, meanwhile, a similar rally, no doubt minus the rat, was canceled, the union said, after an Istanbul paper printed what it said was Crown's threat to shut the factory if a rally occurred.
October 10, 2014 |
Comcast Corp. shareholders approved on Wednesday the all-stock, $45.2 billion proposed acquisition of beleaguered Time Warner Cable Inc., with 99.6 percent of the votes cast saying the takeover should go through. Based on the deal, Time Warner Cable shareholders would receive 2.875 Comcast shares for each Time Warner Cable share. For example, a Time Warner Cable shareholder with 100 shares would receive 287 Comcast shares. Time Warner Cable shareholders will vote on the plan to merge the nation's largest and second-largest cable companies Thursday morning in New York City.
April 13, 1988 |
When most teen-agers say all they want is to be heard, they're referring to their parents. But when 17-year-old Samuel Yake of Paoli talks about being heard, he's referring to corporate executives and board members. Yake is a budding gadfly. As a gadfly, he is a member of a select army of company stockholders who pester captains of commerce and industry to be more concerned with the rights and interests of shareowners. "Management reigns supreme," said the Conestoga High School senior.
April 7, 1988 |
When Meridian Bancorp shareholders go to their annual meeting later this month, something will be missing. The free lunch. For 35 years, the company has been serving up chicken a la king, cold cuts, and a beverage to any of its 26,700 shareowners who cared to attend the annual blowout at the Rajah Theater in Reading. Last year, 1,325 lunches were served, at a cost of $7 each. The Reading-based bank is shelving the tradition because, spokeswoman Doris Piasecki says, it wants to go modern and big city, shave expenses, conserve employee time for the affair and change the meeting time and location.