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Greenmail
Greenmail or greenmailing is a financial maneuver where investors buy enough shares in a target company to threaten a hostile takeover, prompting the target company to buy back the shares at a premium to prevent the takeover. Corporate raids involve hostile takeovers of undervalued companies, sometimes through asset stripping or pressuring the sale of valuable assets like real estate. Greenmailers may offer to sell back their shares to the target company at a premium, resulting in losses for the company and its shareholders. The tactic was used by investors such as T. Boone Pickens and Sir James Goldsmith in the 1980s, who made profits by pressuring companies into repurchasing shares at a premium. For instance, Goldsmith's group acquired stakes in companies like St. Regis, prompting buybacks at a higher price and yielding substantial profits. Greenmail is a complex corporate strategy, but legal restrictions and counter-tactics, like imposing limits on formal bids and a 50% exci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are publicly listed, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offer. It can also include shares in the new company. Takeover types Friendly takeover A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In a private company, because the shareholders and the board are usually the same people or closely connected with on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rock (Nominees) Ltd V RCO (Holdings) Plc
is a UK company law case dealing with unfair prejudice under section 459 Companies Act 1985 (now section 994 Companies Act 2006). It was decided at first instance by Peter Smith J. Facts Rock Nominees Ltd was part of the business empire of Lord Ashcroft, a Conservative life peer. It is a company which holds shares on behalf of other companies. It had 201,300 shares for Gambier Holdings Inc. (a British Virgin Islands company) and 65,000 shares for Kiwi Ltd. (a Belize company) invested in RCO (Holdings) plc. Its stake made up 2.48%. RCO itself was in the cleaning, catering and security porterage business. In 2000, ISS (UK) Ltd took over RCO, acquiring 96.4% of the shares. It made one of RCO's subsidiaries transfer its shares to one of ISS's subsidiaries for £30,117,784. Rock Nominee's filed for a petition of unfair prejudice on the grounds that this was a transaction at an undervalue. It did not reflect the value to the purchaser of the synergies arising from the sale or the v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Occidental Petroleum
Occidental Petroleum Corporation (often abbreviated Oxy in reference to its ticker symbol and logo) is an American company engaged in hydrocarbon exploration in the United States and the Middle East as well as petrochemical manufacturing in the United States, Canada, and Chile. It is incorporated under the Delaware General Corporation Law and headquartered in Houston. The company ranked 183rd on the 2021 Fortune 500 based on its 2020 revenues and 670th on the 2021 Forbes Global 2000. History Occidental Petroleum was founded in Los Angeles, CA in 1920. In 1957, Armand Hammer became the company's president and CEO after acquiring a controlling stake. The 1960s marked a period of expansion as Occidental established operations in Peru, Venezuela, Bolivia, Trinidad, and the United Kingdom. In 1961, the company discovered the Lathrop Gas Field in Lathrop, California. In 1965, Occidental won exploration rights in Libya, where it operated until 1986 when United States economic sanction ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gordon Gekko
Gordon Gekko is a composite character in the 1987 film '' Wall Street'' and its 2010 sequel '' Wall Street: Money Never Sleeps'', both directed by Oliver Stone. Gekko was portrayed in both films by actor Michael Douglas, who won the Academy Award for Best Actor for his performance in the first film. In 2003, the American Film Institute named Gordon Gekko No. 24 on its Top 50 movie villains of all time. Characterization Co-written by Stone and screenwriter Stanley Weiser, Gekko is said to be based loosely on several real-life financiers, including Stone's own father Louis Stone, Wall Street broker Owen Morrisey, an old friend of Stone's who was involved in a $20 million insider trading scandal in 1985, investment banker Dennis Levine, arbitrageur Ivan Boesky, corporate raider Carl Icahn, investor and art collector Asher Edelman, agent Michael Ovitz, and Stone himself. For example, Gekko's line "Greed, for lack of a better word, is good" was adapted from a remark by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wharton School Of The University Of Pennsylvania
The Wharton School ( ) is the business school of the University of Pennsylvania, a private Ivy League research university in Philadelphia. Established in 1881 through a donation from Joseph Wharton, a co-founder of Bethlehem Steel, the Wharton School is the world's oldest collegiate business school. It is one of six Ivy League Business Schools, and is the business school which has produced the highest number of billionaires in America and the 45th and 47th U.S. president Donald Trump. The Wharton School awards undergraduate and graduate degrees with a school-specific economics major (academic), major and concentrations in over 18 disciplines in Wharton's academic departments. The undergraduate degree is a general business degree focused on core business skills. At the graduate level, the Master of Business Administration program can be pursued by itself or along with dual studies leading to a joint degree from its law, engineering, and government schools. In addition to its tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Observer
''The Observer'' is a British newspaper published on Sundays. First published in 1791, it is the world's oldest Sunday newspaper. In 1993 it was acquired by Guardian Media Group Limited, and operated as a sister paper to ''The Guardian'' and '' The Guardian Weekly''. In December 2024, Tortoise Media acquired the paper from the Scott Trust Limited, with the transition taking place on 22 April 2025. History Origins The first issue was published on 4 December 1791 by W.S. Bourne, making ''The Observer'' the world's oldest Sunday newspaper. Believing that the paper would be a means of wealth, Bourne instead soon found himself facing debts of nearly £1,600. Though early editions purported editorial independence, Bourne attempted to cut his losses and sell the title to the government. When this failed, Bourne's brother (a wealthy businessman) made an offer to the government, which also refused to buy the paper but agreed to subsidise it in return for influence over its editori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
City Of London
The City of London, also known as ''the City'', is a Ceremonial counties of England, ceremonial county and Districts of England, local government district with City status in the United Kingdom, city status in England. It is the Old town, historic centre of London, though it forms only a small part of the larger Greater London metropolis. The City of London had a population of 8,583 at the 2021 United Kingdom census, 2021 census, however over 500,000 people were employed in the area as of 2019. It has an area of , the source of the nickname ''the Square Mile''. The City is a unique local authority area governed by the City of London Corporation, which is led by the Lord Mayor of London, Lord Mayor of the City of London. Together with Canary Wharf and the West End of London, West End, the City of London forms the primary central business district of London, which is one of the leading financial centres of the world. The Bank of England and the London Stock Exchange are both ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peter Smith (judge)
Sir Peter Winston Smith (born 1 May 1952), abbreviated to ''Peter Smith J'' in judgements, is a former High Court judge (England and Wales), High Court judge who sat in the Chancery Division of the High Court of Justice in England and Wales from 5 April 2002 to 27 October 2017. He was the subject of comment and investigation in relation to his judicial behaviour in various circumstances. He retired on 28 October 2017. Name and abbreviation Smith's name is correctly Judicial titles in England and Wales, abbreviated in English legal writing as "Peter Smith J," and not as "Smith J", as is the norm for High Court judges. This is because there were other senior judges also named Smith. Biography Smith was born in Taiping, Perak, Taiping, Federation of Malaya, Malaya to George Arthur Smith and Iris Muriel Smith, while his father was posted abroad. He grew up with five siblings in Hornsea, East Riding of Yorkshire, East Yorkshire, and attended grammar school in nearby Bridlingto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
High Court Judge (England And Wales)
A justice of the High Court, commonly known as a High Court judge, is a judge of the High Court of Justice of England and Wales, and represents the third-highest Judiciary of England and Wales, level of judge in the courts of England and Wales. High Court judges are referred to as puisne justices and wear red and black robes. High Court judges do not include the ''ex officio'' judges of the High Court, such as the heads of the divisions. High Court judges rank below Court of Appeal judge (England and Wales), justices of appeal, but above circuit judge (England and Wales), circuit judges. Title and form of address Upon appointment, male High Court judges are appointed Knight Bachelor, Knights Bachelor and female judges made Dame (title), Dames Dame Commander, Commander of the Order of the British Empire. In court, a High Court judge is Judge#England and Wales, addressed as ''My Lord'' or ''Your Lordship'' if male, or as ''My Lady'' or ''Your Ladyship'' if female. High Court judg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Ashcroft
Michael Anthony Ashcroft, Baron Ashcroft, (born 4 March 1946) is a British-Belizean businessman, pollster and politician. He is a former deputy chairman of the Conservative Party. Ashcroft founded Michael A. Ashcroft Associates in 1972 and was the 132nd richest person in the UK, as ranked by the ''Sunday Times'' Rich List 2021, with an estimated fortune of £1.257 billion. He was created a life peer in 2000, and sat on the Conservative benches of the House of Lords until resigning in 2015. The Cabinet Office stated that he would take up permanent residence in the UK for tax purposes, but it was reported a decade later that he had not done so. Ashcroft holds dual British and Belizean nationality, and is a belonger of the Turks and Caicos Islands. Early life and education Michael Anthony Ashcroft was born in Chichester, West Sussex. His father Eric was a British colonial civil servant; Ashcroft spent some of his early years in British Honduras (now Belize) and Malaw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Walt Disney Company
The Walt Disney Company, commonly referred to as simply Disney, is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California. Disney was founded on October 16, 1923, as an animation studio, by brothers Walt Disney and Roy Oliver Disney as Disney Brothers Cartoon Studio; it later operated under the names Walt Disney Studio and Walt Disney Productions before adopting its current name in 1986. In 1928, Disney established itself as a leader in the animation industry with the short film ''Steamboat Willie.'' The film used synchronized sound to become the first post-produced sound cartoon, and popularized Mickey Mouse, who became Disney's mascot and corporate icon. After becoming a success by the early 1940s, Disney diversified into live-action films, television, and theme parks in the 1950s. However, following Walt Disney's death in 1966, the company's profits, especially in the animation sector, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Polk V
DNA polymerase kappa is a DNA polymerase that in humans is encoded by the ''POLK'' gene. It is involved in translesion synthesis DNA repair is a collection of processes by which a cell (biology), cell identifies and corrects damage to the DNA molecules that encode its genome. A weakened capacity for DNA repair is a risk factor for the development of cancer. DNA is cons .... References Further reading * * * * * * * * * * * * * * * * * * External links * DNA repair DNA-binding proteins {{gene-5-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
