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Topic: Proxy fight


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In the News (Thu 16 Feb 12)

  
  Proxy - Wikipedia, the free encyclopedia
Proxy (climate), a measured variable used to infer the value of a variable of interest in climate research
Proxy war, a war where two powers use third parties as a substitute for fighting each other directly
Proxy fight, an event that may occur when opposition develops to a corporation management among its stockholders
en.wikipedia.org /wiki/Proxy   (181 words)

  
 JS Online: Ousted CEO loses proxy fight
Edward A. Burkhardt, who three months ago mounted a proxy fight for control of the railroad, said he lacked the majority to dismiss the company's current board and replace it with his own slate.
Burkhardt is conceding defeat on the substantive issue of this proxy contest, which was a fight over the control of the company, and we graciously and happily accept his concession," Wisconsin Central spokeswoman Ann G. Thoma said.
Burkhardt is conceding defeat on the substantive issue of this proxy contest, which was a fight over the control of the company, and we graciously and happily accept his concession.
www.jsonline.com /bym/news/jan01/train13011201.asp?format=print   (856 words)

  
 JS Online: Proxy fight for Gehl heating up
Proxy fights, designed in the 1800s, are one of the older and more antiquated corporate governance mechanisms, said David Ikenberry, a finance professor at Rice University's Jones Graduate School of Management in Houston.
In a proxy fight, the views of the largest shareholders usually influence the outcome.
Companies involved in proxy fights tend to be in bad shape, but when management wins the fight, they tend to recover from the mediocre financial performance they were having before the fight, according to Ikenberry's research.
www.jsonline.com /bym/news/sep01/gehl30092901a.asp?format=print   (1543 words)

  
 RealCorporateLawyer.com | Proxy Fights   (Site not responding. Last check: 2007-11-02)
By using any proxy materials and initial soliciting materials prepared by both sides that are filed with the SEC before - or on the date of - first use.
In addition, a proxy fight Web site may not be cost-effective for larger companies whose institutional investors principally control them - these investors already have methods of getting information about the parties in a proxy fight (since both sides are likely to answer their phone calls).
No - the proxy rules are flexible enough so that parties in a proxy fight can select which shareholders it will solicit.
www.realcorporatelawyer.com /faqs/proxy.html   (1417 words)

  
 ITworld.com - HP/COMPAQ - Proxy fight looms, but key voters stay quiet
Hewlett-Packard Co. board member Walter Hewlett, son of HP co-founder William Hewlett, intends to launch a proxy fight to block the planned acquisition of Compaq Computer Corp., according to a Friday filing with the U.S. Securities and Exchange Commission (SEC).
After switching positions and publicly announcing his opposition to a merger he initially supported, Hewlett hired proxy solicitation advisors MacKenzie Partners Inc. On Friday, Hewlett submitted notice that he intends to file a statement relating to a solicitation of proxy votes from HP shareholders.
A proxy fight, combined with the opposition of both the Hewlett family and David Packard, son of HP's other co-founder, casts serious doubt on the ability of the two companies to complete the merger, said several analysts.
www.itworld.com /Tech/2428/IDG011120hpcompaq/pfindex.html   (762 words)

  
 CA proxy fight stopped in its tracks - Computerworld
Since then, Ranger has spearheaded two attempts to oust via proxy fight CA board members and upper management, citing a poor stock price, financial mismanagement and abuse of customers and employees, among other issues.
But Ranger in June announced another proxy fight, claiming that CA's top brass hadn't yet addressed the issues raised last year (see story).
"Regarding the payment, the cost to CA [of the first proxy fight] was approximately $12 million and even more important was [the cost of] management time it took away from the business," a company spokesman said.
www.computerworld.com /printthis/2002/0,4814,72955,00.html   (509 words)

  
 Proxy Fight Payoff May Buy Trouble for CA
In return, Wyly agreed not to launch another proxy contest for five years and extend a noncompete agreement with the company for five years.
He indicated his firm may weigh in with its proxy analysis expected to be issued in mid-August before Computer Associates' annual shareholders meeting on Aug. 28.
McGurn agreed the deal is reminiscent of greenmail of the 1980s, in which corporate raiders owning a company's stock would threaten a proxy battle and companies would buy back their stock at a premium in order to get rid of them.
www.thestreet.com /pf/tech/ronnaabramson/10034362.html   (731 words)

  
 Showdown / Nasty proxy fight is shaping up at HP, where dissident director Walter Hewlett marshals his effort to block ...
The fight is bound to heat up, as HP and its dissident director slug it out for the hearts and minds of shareholders in a classic proxy fight.
Some of the country's top proxy solicitation firms are involved, an indication of the magnitude of the fight -- and of the potential fees.
Before the proxy statement is mailed to shareholders, it must be cleared by the Securities and Exchange Commission to make sure it does not contain misleading, inaccurate or libelous information.
www.sfgate.com /cgi-bin/article.cgi?file=/chronicle/archive/2002/01/27/BU35324.DTL&type=tech   (1983 words)

  
 Proxy servers - Hutchinson encyclopedia article about Proxy servers
On the World Wide Web, a server which ‘stands in’ for another server, storing and forwarding files on behalf of a computer that might be slower or too busy to deal with the request itself.
Many URLs (Web addresses) redirect the enquirer to a proxy server that then supplies the requested page.
This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.
encyclopedia.farlex.com /Proxy+servers   (180 words)

  
 CNN.com - CA faces proxy fight - Jun. 21, 2001
However, news of the proxy fight had little impact on shares Thursday, which dropped marginally.
In fact, Wyly recently pitched his proxy fight to Computer Associates largest shareholder, Walter Haefner, and Haefner reaffirmed his confidence in the current management team of CA, the company said.
The proxy fight is really a thinly veiled attempt to gain control of the company at a cheap price, he said.
cnnstudentnews.cnn.com /2001/BUSINESS/06/21/ca.wyly   (686 words)

  
 CRN | CA Faces Another Proxy Fight   (Site not responding. Last check: 2007-11-02)
Wyly's firm, which last summer lost a caustic battle to oust four CA board members, this year is nominating five candidates, according to a proxy statement filed by Ranger with the Securities and Exchange Commission.
Wyly's decision to mount a distracting and costly proxy challenge is in the best interests of the company or its shareholders," CA said in a statement.
Since last year's proxy fight CA has taken steps to improve partner and customer relationships through the development of advisory councils, Hall said.
www.crn.com /sections/BreakingNews/dailyarchives.asp?ArticleID=36049   (650 words)

  
 Proxy Fight Peoplesoft Oracle   (Site not responding. Last check: 2007-11-02)
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www.ezdomainregistration.info /8/proxy-fight-peoplesoft-oracle.php   (463 words)

  
 UPDATE: CA, Ranger end proxy fight
The investment firm leading a second annual proxy fight to replace several members of Computer Associates International Inc.'s (CA) board has reached an agreement with CA and will drop its campaign, CA announced Wednesday.
The campaign also highlighted investors' uncertainties about CA co-founder and Chairman Charles Wang: Three times as many shareholder votes were withheld for his board nomination as for any other candidate.
Since the start of last year's proxy fight, CA's board has changed significantly.
www.itworld.com /Tech/4535/020724caproxy/search.html   (527 words)

  
 Costs mount in HP proxy fight | CNET News.com
The proxy fight between Hewlett-Packard and board member Walter Hewlett is as costly as it is nasty.
Proxy fight veterans say this could wind up being the costliest ever, topping recent contests such as a director battle at Computer Associates and a three-way hostile takeover battle among banking giants First Union, SunTrust and Wachovia.
However, discussions with proxy veterans and people familiar with HP's advertising efforts put the overall cost of the campaign somewhere in the neighborhood of $70 million, with advertising accounting for nearly half the total.
news.com.com /2100-1001-859261.html   (1382 words)

  
 law.com   (Site not responding. Last check: 2007-11-02)
According to Starr, five justices of the U.S. Supreme Court have signaled that they would give "heightened deference to the judgments of the political branches with respect to matters of national security," and thus, would be willing to bend the constitutional rules in a case involving terrorism.
The use of pressure tactics, including torture by proxy, not only renders evidence obtained inadmissible in court.
If the present government wishes to suspend civil liberties and violate both the law and fundamental human decency, let them come out and say so, and then try to explain to the American people exactly what it is we stand for and why we fight.
www.law.com /cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=law/View&c=Article&cid=ZZZISLXZITC&live=true&cst=1&pc=0&pa=0   (968 words)

  
 Race for Democratic chair: a proxy fight over party identity | csmonitor.com
But Democrats are facing a preliminary proxy fight over the party's future identity and direction, as they search for a new chair of the Democratic National Committee.
Tellingly, the campaign has so far been marked as much by the many candidates who have declined to seek the post, after having their names floated - from Iowa Gov. Tom Vilsack to former New Hampshire Gov. Jeanne Shaheen - as by those who are still actively pursuing it.
In some ways, the campaign is mirroring the fight for the 2004 presidential nomination, with Dr. Dean emerging as perhaps the most prominent candidate, but a polarizing one.
www.csmonitor.com /2004/1213/p03s01-uspo.htm   (819 words)

  
 Takeovers and Proxy Fight Litigation
Fried Frank litigators are experienced in takeover contests, proxy fights and disputed merger transactions.
Takeover and proxy fight litigation is a national practice at Fried Frank, based in our New York and Washington, DC offices.
See the discussion of selected takeover and proxy fight representations.
www.ffhsj.com /practice_groups/takeovers.htm   (189 words)

  
 ITworld.com - Wyly to launch proxy fight for Computer Associates
A Dallas investment group on Thursday announced it is launching a proxy fight designed to replace Computer Associates International Inc.'s current board of directors in an effort to right what it believes is a sinking ship.
A proxy fight is an attempt to convince the majority of shareholders in a company to vote for a specific proposal.
Gaining control of a company by winning a proxy fight prevents the acquiring company from paying a premium price for the acquired company, according to Barron's Dictionary of Finance and Investment terms.
www.itworld.com /Tech/2428/IDG010621ca   (783 words)

  
 Texas Investors mounts proxy fight for Computer Associates   (Site not responding. Last check: 2007-11-02)
In an explosive opening salvo aimed at one of Long Island's largest and most prominent companies, a Texas investment group yesterday launched a proxy battle against the board of Computer Associates International Inc., vowing to oust its "abusive" management and split the company in four parts.
Proxy statements go out to CA investors by July 5, and votes for or against the Wyly proposal will be counted at the annual shareholder's meeting Aug. 29.
CA, in a statement, said it was "confident that we have the support of our principal shareholders" to fight off the attempt.
www.sabew.org /sabewweb.nsf/e0087b5460c4a721862569c2005fa85a/2fb96076fed0709088256bc9006a529a!OpenDocument   (1087 words)

  
 Free Press : Qwest mulls proxy fight for MCI, will increase bid
If another bid is rejected, Qwest could gear up for a proxy fight — a risky and potentially bitter battle to wrest control of MCI’s board by going directly to MCI shareholders, buying shares from them and electing a new board of directors.
Similarly, Hewlett-Packard Co.’s board and former chief executive Carly Fiorina spent eight months embroiled in an internecine fight against H-P’s founding families, who were trying to block a proposed merger with Compaq Computer Corp. Fiorina ultimately prevailed, and the merger was approved, but at a high cost to both companies.
Last year, only six of 27 proxy fights launched against a board decision were successful, according to a report by Georgeson Shareholder Communications Inc., a proxy solicitation firm that works with Verizon.
www.freepress.net /news/7508   (1012 words)

  
 HP-Compaq: A fight to the finish | CNET News.com
After a rancorous eight-month proxy fight, a three-day trial in Delaware, and a bitter boardroom squabble, Hewlett-Packard completes the largest tech merger in history.
Hewlett-Packard says a final tally shows its shareholders have approved the Compaq deal, paving the way for the largest PC merger in history to close.
Complete coverage of the trial in Delaware as HP fights to complete its merger with Compaq Computer.
news.com.com /2009-1001-852197.html   (235 words)

  
 the hudsucker proxy - Definition and Meaning of the hudsucker proxy
1: proxy fight(noun)

1: a measure used...
At*tor\"ney To perform by proxy; to employ as a proxy.
1:...rument by which a proctor is constituted and The proxy or instrument by which a proctor is constituted a...
www.wordiq.com /reference/the+hudsucker+proxy   (599 words)

  
 Wyly details plans for CA in proxy fight   (Site not responding. Last check: 2007-11-02)
Wyly is staging a proxy fight to win control of CA at the vendor's annual shareholders meeting, which is scheduled to take place on 29 August.
The Ranger suit seeks to stop the spread of what Ranger calls false and misleading statements made by CA chairman Charles Wang and company president and CEO Sanjay Kumar in their effort to defeat the takeover.
The suit also seeks to bar CA from soliciting proxy shareholder ballots based upon the statements made by Wang and Kumar.
www.computerweekly.co.uk /Articles/2001/08/02/181725/WylydetailsplansforCAinproxyfight.htm   (541 words)

  
 HP Defends Compaq Deal As Proxy Fight Intensifies - Computerworld   (Site not responding. Last check: 2007-11-02)
The proxy statement filed with the SEC by Hewlett and the trust also claimed that the acquisition wouldn't improve HP's IT consulting capabilities or its competitive position in the midrange and high-end server markets.
If the SEC approves the proxy filing, Walter Hewlett and other merger opponents will be able to distribute the statement to HP shareholders along with a card that they can use to vote against the deal at a special meeting expected to take place next month.
A proxy fight over the deal is expected at a special meeting of HP shareholders, with the heirs of the Hewlett and the Packard families leading efforts to block the merger.
computerworld.com /hardwaretopics/hardware/story/0,10801,67140,00.html   (1088 words)

  
 Icahn Launches Proxy Fight Against Mylan   (Site not responding. Last check: 2007-11-02)
In a proxy statement filed Thursday with the Securities and Exchange Commission, Icahn repeated his assertion that Mylan was paying too much for King.
Icahn's proxy statement said that price, which reflected a 61% premium over the King stock price the day before the deal was announced, "is not justified."
The proxy fight comes just as Mylan was set to start a financial road show on Nov. 1, speaking to investors and trying to line up support for the deal.
www.thestreet.com /_yahoo/stocks/robertsteyer/10188033.html   (482 words)

  
 Proxy fight gets down and dirty   (Site not responding. Last check: 2007-11-02)
A confusing aspect of the letter states "we are working to insure that each area receives an equitable share of director positions." None of the nominees suggested otherwise.
The reader is led to the supposition that Morse, LeClair and Robison want to deprive growing areas of the representation agreed upon in the original proxy.
Instead of innuendo, state the reasons why it is important enough to overturn area nominations with a national vote in order to remove three duly elected nominees from the board.
www.geocities.com /cranberrybogs/down_and_dirty-p.html   (327 words)

  
 IT Manager's Journal | Oracle spoiling for proxy fight in PeopleSoft takeover   (Site not responding. Last check: 2007-11-02)
On the same day, Oracle announced that it could engage in a proxy fight for PeopleSoft.
(A proxy fight is a strategy used by an acquirer, in this case Oracle, in a hostile takeover attempt.
In my opinion, Oracle probably will engage in a proxy fight for control of PeopleSoft's board.
invest.itmanagersjournal.com /invest/04/11/30/2219215.shtml?tid=111   (896 words)

  
 Post Properties proxy fight erupts   (Site not responding. Last check: 2007-11-02)
The speculation is that the personnel changes and Williams’ proxy filings are somehow connected, but nothing definitive about such a connection has emerged as of this writing.
It should be noted that as of mid-day Friday, April 11, Post’s current management has not responded to the substance of Williams’ statements, but it did file a proxy April 8 stating that it would "aggressively oppose" any attempt by the former CEO to engage share-holders in a proxy contest.
The view among analysts is that unless the current management steps up and articulates a clear turnaround, Williams may very well prevail in the proxy solicitation process.
www.snl.com /real_estate/archive/20030414.asp   (1107 words)

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