Tesla shareholders have won a landmark legal victory against the company’s CEO Elon Musk and its board of directors, who had granted Musk an unprecedented $55 billion pay package in 2018. The Delaware Court of Chancery has ruled that the pay package was invalid and must be cancelled, saving Tesla stockholders from massive dilution. The…
Tag: Shareholders
Hudson’s Bay enters into amended agreement to be taken private at $11 per share
TORONTO: –(BUSINESS WIRE)–Hudson’s Bay Company (HBC) has entered into an amended arrangement agreement with a group of existing shareholders under which the HBC common shares held by the Company’s other shareholders will be acquired by HBC for $11.00 in cash per share. The Hudson’s Bay Company is a Canadian retail business group. A fur trading…
Ibaera’s IGIC gains control of Azumah Resources Limited
PERTH: Azumah Resources Limited notified that IGIC Pte Ltd (an affiliate of Ibaera Capital Fund GP) has increased its relevant interest to over 50% of Azumah’s shares, thereby gaining control of the Company. The Independent Directors of Azumah unanimously recommend shareholders accept Ibaera’s increased off-market cash takeover offer of 3.3 cents per Azumah share in…