While dissenting shareholders rarely overturn a management proposal, a greater surprise was that the Blockbuster deal did not have more opponents, Bibb said.
2.
Compelling all the directors to run for election at the same time makes it easier for dissenting shareholders to shake up the company, Calpers explained.
3.
The other class of dissenting shareholders are mostly circumspect owners who feel their board is not representing the best interests of the majority of the shareholders,
4.
The dissenting shareholders also say that the understatement of PEC holdings goes beyond Cellcom and extends to PEC's stakes in several private companies and real estate holdings in Israel.
5.
The reason some professionals are willing to do that, Grant explained, is because they can reasonably expect to be hired by the building if the dissenting shareholders gain control of the board.
6.
Even if a majority of Mannesmann's shareholders trade in their shares for stock in Vodafone, Mannesmann's dissenting shareholders could still block or at least delay Vodafone from taking full legal control of the company.
7.
If that fails, Davis said, the dissenting shareholders have no option but to attempt to rally the support of other shareholders in the building by sending the memo to each of them and asking for their suggestions.
8.
In fact, Grant said, there is a possibility that some accountants, managers and lawyers might work for reduced rates, even free, if the dissenting shareholders'complaints are legitimate and the problems in the building appear to be serious.
9.
These can include matters related to mergers and acquisitions, buy / sell agreements, determination of damages in third-party liability matters, dissenting shareholder actions, business disputes, divorce settlements, estate and succession / exit planning, initial public offerings, partner disputes, public domain matters and fraud and arson defenses that involve insurance values.
10.
Robert Grant, the president of Diversified Property Management in Brooklyn, said that dissenting shareholders whose complaints and suggestions had been rebuffed by their board might want to consider enlisting professionals to help them make their case to other shareholders and, if necessary, to attempt to replace one or more members of the board.
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