The National Company Law Tribunal (NCLT) has allowed Zee Entertainment Enterprises Ltd (ZEEL) to convene a meeting of its equity shareholders to seek the approval of its proposed merger with Culver Max Entertainment Pvt...
Link Administration shareholders approve Dye & Durham’s revised $1.7 bln offer
Australia’s Link Administration Holdings Ltd said that its shareholders voted in favour of Canadian Dye & Durham Ltd’s revised offer of A$4.81 per share, that valued the share registry company at A$2.47...
Piramal Enterprises gets shareholders’ nod to demerge pharma business
Ajay Piramal-owned Piramal Enterprises has received shareholders’ approval to demerge its pharmaceuticals business and simplify the corporate structure. The company received 99 per cent of the votes at the shareholders...
NMDC shareholders, creditors approve Nagarnar Steel Plant demerger: CMD
The shareholders and creditors of NMDC have approved the demerger of the company’s under-construction Nagarnar Steel Plant (NSP), its Chairman and Managing Director Sumit Deb said. The demerger of NSP from NMDC is...
ISS urges Spirit shareholders to vote for Frontier offer
Proxy advisory firm Institutional Shareholder Services Inc (ISS) has urged shareholders of Spirit Airlines Inc to vote for a proposed merger with Frontier Group Holdings Inc. “On balance, support for the merger...
NMDC shareholders, creditors to discuss Nagarnar Steel Plant demerger on Tuesday
Steel Ministry will convene a meeting of shareholders and creditors of state-owned NMDC on Tuesday to expedite the process of demerging the company under construction Nagarnar Steel Plant (NSP). The Centre is aiming to...
ISS urges Spirit shareholders to reject Frontier offer
Proxy advisory firm Institutional Shareholder Services Inc (ISS) has urged shareholders of Spirit Airlines to vote against a proposed merger with Frontier Group Holdings. JetBlue Airways Inc’s competing offer of...
Crown Resorts shareholders approve Blackstone’s $6.3 bln buyout offer
Shareholders of Australian casino operator Crown Resorts Ltd approved a $6.3 billion buyout by U.S. private equity giant Blackstone Inc (BX.N) on Friday, with 99.91% of the votes cast at its scheme meeting in favour of...
Spirit Airlines calls for shareholders to reject JetBlue bid
Spirit Airlines urged shareholders to reject a hostile bid by JetBlue Airlines on Thursday, saying it was “a cynical attempt to disrupt” its merger with Frontier. JetBlue says its $30 a share offer is...
Euronav shareholders signal support for Frontline merger
Belgian oil tanker and storage operator Euronav said on Thursday it had received “a clear signal” from shareholders in support of its proposed $4.2-billion merger with smaller Oslo-listed rival Frontline...
Woodside shareholders approve BHP petroleum merger
Shareholders in Woodside Petroleum approved a merger with BHP Group’s petroleum arm to create a top 10 global independent oil and gas producer worth $40 billion, according to proxy votes shown at the...
McDowell under IBC – What are the options for Shareholders?
Hon’ble National Company Law Tribunal, Bengaluru Bench (“NCLT”) vide order dated 8th April 2022 admitted the Application under section 7 of Insolvency and Bankruptcy Code, 2016 filed by “Sun Star Hotels and Estate Pvt...