Maryland’s top court nixed a real estate company’s Great Recession-era bid to buy back shares of its Class B Stock for about a penny on each dollar invested.
Tagged with: buy back contracts corporations great recession shareholders
Read More »July 19, 2021 Comments Off on Maryland high court nixes company’s stock buyback plan
Maryland’s top court nixed a real estate company’s Great Recession-era bid to buy back shares of its Class B Stock for about a penny on each dollar invested.
Tagged with: buy back contracts corporations great recession shareholders
Read More »April 13, 2018 Comments Off on Southwest to hold 2018 shareholder meeting in Annapolis
The annual meeting's location is a sign of Baltimore Washington International Thurgood Marshall Airport’s hub status for the airline.
Tagged with: meeting shareholders Southwest Airlines Co.
Read More »October 2, 2015 Comments Off on Are merger suits in Delaware poised for a drop?
Are Delaware’s judges attempting to rein in the shareholder litigation that has become an inevitable sideshow to virtually every corporate takeover? A recent opinion from the Delaware Chancery Court, home to many of these disputes, as well as the transcript ...
Tagged with: delaware mergers and acquisitions shareholders
Read More »August 28, 2015 Comments Off on Dole Food CEO, former top exec ordered to pay $148M
DOVER, Del. — A Delaware judge on Thursday ordered 92-year-old Dole Food CEO David Murdock and a former top lieutenant to pay $148 million in damages for misleading directors and shareholders in a deal that took the company private in ...
Tagged with: crime shareholders Stocks
Read More »August 26, 2015 Comments Off on Under Armour investors approve new shares as Plank keeps control
Under Armour Inc. investors approved the creation of a new class of shares that don’t have voting rights, which will maintain founder and Chief Executive Officer Kevin Plank’s control of the sporting-goods maker. The vote was a formality because Plank ...
Tagged with: Kevin Plank shareholders Stocks Under Armour
Read More »June 19, 2015 Comments Off on Shareholder lawsuit challenges Under Armour stock split
Three days after Under Armour announced a proposed change in its stock structure, a shareholders’ lawsuit was filed seeking to prevent the plan from proceeding. The potential class-action lawsuit, filed Thursday in Baltimore City Circuit Court, alleges the change will ...
Tagged with: litigation shareholders stock Under Armour
Read More »June 16, 2015 Comments Off on Under Armour stock plan: Good for Plank, but what about shareholders?
Despite a debate over whether Under Armour’s proposed change in stock structure is good for shareholders, analysts who cover the company expressed confidence that strengthening founder Kevin Plank’s control would be a positive for the fitness and apparel maker’s future. ...
Tagged with: Kevin Plank shareholders stock Under Armour
Read More »June 16, 2015 Comments Off on Here’s how Under Armour’s stock split will boost Plank’s control of company
Under Armour’s board of directors approved a change to the company’s stock structure that would permit the company to continue expansion while also allowing founder and CEO Kevin Plank to maintain control. The 2-for-1 stock split, which needs approval by ...
Tagged with: Kevin Plank shareholders stock Under Armour
Read More »March 25, 2015 Comments Off on McCormick & Co. retirement offer affects mainly Baltimore area
The retirement offer affected about 5 percent of the Sparks-based company's U.S. workforce.
Tagged with: Baltimore employees meeting shareholders
Read More »June 3, 2014 Comments Off on Dolan shareholders: Company is worth more
The Dolan Company’s proposed reorganization plan to exit Chapter 11 bankruptcy significantly undervalues the company’s worth, an official shareholders committee claims.
Tagged with: Bankruptcy shareholders The Daily Record The Dolan Company
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