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Facts. Time Inc. and Warner Communications were planning to merge. Time wished to get more into the television business with its HBO channel, and wanted Warner Communications's help. Then, Paramount made an offer to all the shareholders of $200 per share (up from an initial $175). Time shares had been trading at $120.
On December 16, 2003, Time Warner announced that its board of directors elected Clark to join on the board in January 2004 and serve on its Nominating and Governance Committee and its Audit and Finance Committee.
t. e. Cumulative voting (sometimes called the single divisible vote) is a variant on the single non-transferable vote (SNTV), which differs in that it allows a voter to split their support across multiple candidates. This can simplify strategic voting, by allowing larger groups of voters to elect multiple representatives by splitting their vote ...
America Online CEO Stephen M. Case, left, and Time Warner CEO Gerald M. Levin listen to senators' opening statements during a hearing before the Senate Judiciary Committee on the merger of the two ...
WASHINGTON — As the Justice Department pursues its appeal of a federal judge’s decision in favor of the AT&T-Time Warner merger, new court filings shed light on the tense meetings that ended ...
A staggered board of directors or classified board is a prominent practice in US corporate law governing the board of directors of a company, corporation, or other organization, in which only a fraction (often one third) of the members of the board of directors is elected each time instead of en masse (where all directors have one-year terms).
“It’s hard to say given the dynamics of the time particularly as Mike mentioned, the market cap of the company — it was really the peak of the Internet boom, and it felt like a good time to ...
Sources close to AOL tell us that the board of directors will make a final decision on the AOL spinoff at a board meeting this Thursday, May 28, possibly undoing the $147 billion 2001 merger of ...