No wonder that the universe of listed companies is shrinking. It is much too easy to gain control of companies and take them off the public markets. A tiny number of votes above the 50% threshold should not be allowed to force the remaining shareholders out of their holdings. No wonder that stakeholders are disregarded and sacrificed on the mantra of simplistic corporate constitutions.
(3-April-2019)
Roche fails to get control of Spark
Yesterday, the SEC issued notice of a proposed NYSE rule change that, if
approved, will extend the transition period in which a listed company must
establi...
1 day ago
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