There's a group of people whose ears are peeled and whose eyes are riveted on every move made by Arcelor Mittal. Intimately concerned by all intentions and decisions, Arcelor Mittal's shareholders question, inquire, and anxiously await every next move.
From past performance to future goals and potential, much is going on to instruct, disclose, reassure, and inform the shareholders.
In this episode, we hear their voice, their concerns, and explore the impact of this century's largest merger on the company's shareholders.
Get the latest scoop from the ever-changing world of technology, right here on GetTheDaily.com.
Hey everyone, you’re watching GetTheDaily.com. I’m Dana Ward with your daily tech update.
First up, a new twist in the failed Microsoft and Yahoo merger. Court documents from a lawsuit between Yahoo shareholders and the search engine giant revealed that Microsoft offered to buy the company for 40 dollars per share just fifteen months ago. The revelation comes as a surprise because when Yahoo rejected Microsoft’s offer to buy the company for 33 dollars per share a month ago, they claimed it was because the company was worth 37 dollars per share. Yahoo shareholders are seeking damages for the money lost in the failed takeover.
Without Yahoo, Microsoft is still trying to get a toehold in the search-engine business. The company has struck a deal with Hewlett Packard, who leads the market in PC manufacturing, to install their newly launched Microsoft Live Search Tool Bar into every new computer that the HP sells. Microsoft's deal is an aggressive move to try and disrupt Google's dominance over the search engine business.
Also looking to keep up with Google is Facebook, who is following the big G's lead by making their code open source to developers. Google's Open Social targets developers, and Facebook is following suit by allowing developers to manipulate a “significant part” of their code, as well as to provide feedback.
There's a new toy for all of you gadget heads out there: Time Warner Cable is developing a wireless cable modem that will allow users to browse for internet videos on their television sets. While the AppleTV and the latest TiVo models offer some web-to-TV capabilities, Time Warner's new product will be the first set-top box that allows viewers to surf for videos on their televisions.
And finally, NBCU has inked a deal with Nielsen to use their brand new Fusion product in order to develop better sales metrics and to help create higher value consumers for advertisers. So look for more personalized ads, targeted directly to you, coming in the near future.
And that is the latest news from the tech industry. Check GetTheDaily.com every day for the latest news and updates.
Company promotional video taken from Shareholder update May 2008
One disgruntled Yahoo shareholder sent a heated letter to the board of the search company, urging them to sell to Microsoft for 34-point-375 dollars per share, or for 49-point-5 billion dollars total. This amount would mark a 2-billion-dollar increase from Microsoft's last bid for the company. In the letter, the shareholder also advises the board that if the sale at his desired price does not work out, the company should resume negotiations with Google for a previous incomplete search-ad deal. A finalized deal between Yahoo and Google would increase Yahoo's cash flow and make the company more attractive to Microsoft.
Comcast is facing lawsuits from customers in California, New Jersey and Illinois who are angered by the company's policy of not allowing their broadband customers to download bit-torrent files. All three lawsuits are claiming that Comcast misled customers with promises of QUOTE, “unfettered access to all the content, services and application that the Internet has to offer." Experts say that the three lawsuits are just the beginning and many similar cases are sure to follow as Internet companies attempt to control user-bandwidth..............
At The Deal's M&A Outlook 2009 conference Tuesday, panelists discussed how and why activist shareholders are gaining support. In this video Matthew Sherman,partner at Joele Frank, Wilkenson, Brimmer Katcher and Rachel Posner, senior managing director and general counsel for Georgeson explain that activist investors were gaining support because many companies do not communicate their strategies to shareholders.
At The Deal's M&A Outlook 2009 Timothy Brog, a portfolio manager at Locksmith Value Opportunity Fund, Damien Park, president and CEO of Hedge Fund Solutions, Jared Landaw, of Barington Capital Group L.P. and Rachel Posner, senior managing director and general counsel of Georgeson addressed how companies should communicate with shareholders and shareholder activism.
Phillip Goldstein was a keynote speaker at The Deal's M&A Outlook 2009 conference. In this episode of Inside The Deal Mary Kathleen Flynn speaks with Goldstein about the role of the activist shareholder and how it has evolved.
Finger Interests Number One Ltd. is one of a handful of Bank of America (NYSE:BAC) shareholder groups that have filed suit over the acquisition of Merrill Lynch & Co. In this edition of Inside the Deal, partner Jonathan Finger says the BofA board, led by chief executive Ken Lewis, has destroyed shareholder value over the past five years. As a result, he's urging fellow shareholders to oust Lewis and two other directors at the Bank's April 29 annual meeting. He also says BofA withheld information about Merrill Lynch losses prior to the shareholder vote on the deal in December. (For BofA's response to those charges, see the statement below.) See the video below or download it at iTunes. - Suzanne Stevens
Bank of America provided the following statement in response to Jonathan Finger's charges:
"The strategic and financial advantages of the Countrywide and Merrill Lynch acquisitions will soon be apparent. We believe our disclosures for the special shareholders meeting were appropriate and met all legal requirements. The vast majority of talent at Merrill Lynch is staying and synergies between Merrill Lynch and Bank of America platforms are already producing results."
Finger Interests Number One Ltd. is one of a handful of Bank of America (NYSE:BAC) shareholder groups that have filed suit over the acquisition of Merrill Lynch & Co. In part two of edition of this Inside the Deal interview, partner Jonathan Finger says the BofA board, led by chief executive Ken Lewis, has destroyed shareholder value over the past five years. As a result, he's urging fellow shareholders to oust Lewis and two other directors at the Bank's April 29 annual meeting. He also says BofA withheld information about Merrill Lynch losses prior to the shareholder vote on the deal in December. (For BofA's response to those charges, see the statement below.) See the video below or download it at iTunes.
For those that have been a victim of a minority shareholder squeeze out, the experience can be a nightmare. It usually involves the majority shareholder first terminating the employment of a shareholder of less than 50% of the company's stock.
In this edition of Inside the Deal, Colin Melvin discusses challenges and the emergence of a new and powerful shareholder, the federal government.
There are several approaches that we see used in determining the Purchase Price for shares of selling shareholders.
Invitrogen - CEO - What Shareholders Should Know
The United Mine Workers of America, AFL-CIO and random environmental groups protest outside the Massey Energy shareholders meeting May 18th 2010.
Features Cecile Roberts president of the UMWA, Kevin Zeese of the Prosperity Agenda and random pissed off miners demanding justice by various means of punishment for Don Blankenship and the Massey Energy board of directors.
http://ProsecuteMassey.org Distributed by Tubemogul.
Corporate Social Responsibility News: CERES Reports Record Number of Sustainability-Related Shareholder Resolutions for Energy Companies; Vault Launches New CSR Web Site.
This CSR Minute is brought to you by McKesson. For information about McKesson's corporate citizenship, please visit www.mckesson.com/corporatecitizenship.
Watch this and other CSR Minute podcasts: http://3blmedia.com/3bltv.
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