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Nokia downplays shareholder opposition to Alcatel-Lucent deal

2015-04-30 11:24:43| Telecom - Topix.net

Nokia Chief Executive Rajeev Suri defended the terms of its pending acquisition of smaller telecom gear maker Alcatel-Lucent after a shareholder criticized them as unacceptable. Odey Asset Management, Alcatel-Lucent's second-largest shareholder with 5 percent, said in a letter to investors that it would not tender its shares in the Nokia takeover because the 15.6 billion euro price in the all-share deal was too low, according to the Financial Times newspaper.

Tags: deal nokia opposition shareholder

Shareholder Alert: Brower Piven Encourages Investors Who Have Losses...

2015-04-30 03:37:38| Agriculture - Topix.net

The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of purchasers of Cadiz Inc. securities during the period between March 10, 2014 and April 21, 2015, inclusive . Investors who wish to become proactively involved in the litigation have until June 23, 2015 to seek appointment as lead plaintiff.

Tags: alert losses investors encourages

CBA's Harrison Young says damaged reputations risk shareholder value

2015-04-28 18:36:38| Automakers - Topix.net

Commonwealth Bank of Australia board member Harrison Young has spoken out about the potential destruction of shareholder value if the banking industry does not demonstrate how it is taking customer complaints seriously and improve its risk culture. "Banks need to create value for shareholders, but the whole thing breaks down if there is a perception you are screwing your clients," Mr Young said.

Tags: value young risk damaged

Oklahoma City-based LSB reaches deal to end shareholder fight

2015-04-27 19:00:13| Chemicals - Topix.net

Oklahoma City-based LSB Industries Inc. has staved off a proxy fight with activist investor Starboard Value L.P. by agreeing to split its climate control and chemical businesses and expand its board of directors, among other concessions.

Tags: end deal fight oklahoma