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BUSINESS
July 18, 2013 | By Andrea Chang
Dell Inc. has postponed a shareholder vote on its $24.4-billion buyout plan, a sign that not enough investors were on board with founder and Chief Executive Michael Dell's bid to take the company private. The PC maker delayed the vote Thursday shortly after it began a special meeting of shareholders in Round Rock, Texas, where the company is based. Dell released a short statement saying no vote was taken on the proposed transaction before the meeting adjourned. Many large investors had signaled their opposition to the plan in the days leading up to Thursday's gathering.
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BUSINESS
March 9, 2000 | Bloomberg News and Reuters
Southeastern Asset Management Inc., a Memphis, Tenn.-based money management company, bought a 6% stake in Aetna Inc., the nation's largest health insurer, which received a $10-billion takeover bid two weeks ago, according to a filing with the Securities and Exchange Commission. Southeastern Asset said it spent $444 million to buy 8.4 million Aetna shares, the bulk of the purchases coming between Jan. 6 and March 2, for an average price of $52.46 each.
BUSINESS
December 17, 1999 | Jesus Sanchez
Catellus Development Corp. adopted a shareholder rights plan one month after its largest shareholder--Southeastern Asset Management Inc., a mutual fund firm--said that it had been contacted by several parties interested in buying its Catellus shares. Catellus, one of California's largest real estate companies and owner of Union Station in downtown Los Angeles, said the plan will protect the San Francisco-based firm from "coercive or unfair takeover tactics."
BUSINESS
October 11, 1989 | From Associated Press
A Memphis, Tenn.-based investment management concern increased its stake in British advertising conglomerate Saatchi & Saatchi Co. to 10.24%, it was disclosed Tuesday. In a filing with the Securities and Exchange Commission, Southeastern Asset Management Inc. said it paid $79.7 million over the last two months to buy 3.4 million ordinary shares of Saatchi & Saatchi, the world's largest advertising holding company. That increased Southeastern's holdings to 5.
BUSINESS
March 9, 2000 | Bloomberg News and Reuters
Southeastern Asset Management Inc., a Memphis, Tenn.-based money management company, bought a 6% stake in Aetna Inc., the nation's largest health insurer, which received a $10-billion takeover bid two weeks ago, according to a filing with the Securities and Exchange Commission. Southeastern Asset said it spent $444 million to buy 8.4 million Aetna shares, the bulk of the purchases coming between Jan. 6 and March 2, for an average price of $52.46 each.
BUSINESS
July 18, 2013 | By Andrea Chang
Dell Inc. has postponed a shareholder vote on its $24.4-billion buyout plan, a sign that not enough investors were on board with founder and Chief Executive Michael Dell's bid to take the company private. The PC maker delayed the vote Thursday shortly after it began a special meeting of shareholders in Round Rock, Texas, where the company is based. Dell released a short statement saying no vote was taken on the proposed transaction before the meeting adjourned. Many large investors had signaled their opposition to the plan in the days leading up to Thursday's gathering.
BUSINESS
August 18, 2001 | Bloomberg News
IHOP Inc., owner of the International House of Pancakes restaurant chain, said it hired Salomon Smith Barney Inc. to explore options and consider a major shareholder's suggestion to securitize some receivables. Southeastern Asset Management Inc., IHOP's largest shareholder, said in a Securities and Exchange Commission filing in May that the company should sell or refinance $287 million of loans made to franchisees.
BUSINESS
August 21, 2001 | From Bloomberg News
IHOP Corp., which owns the International House of Pancakes restaurant chain, said Monday that Executive Vice President and Chief Operating Officer Dennis Leifheit resigned. Reasons for Leifheit's departure weren't disclosed in a company statement. Leifheit had been with IHOP since 1995. Chief Executive Richard Herzer will assume Leifheit's responsibilities until a successor is named. Herzer and Chief Financial Officer Alan Unger didn't return calls seeking comment.
BUSINESS
December 17, 1999 | Jesus Sanchez
Catellus Development Corp. adopted a shareholder rights plan one month after its largest shareholder--Southeastern Asset Management Inc., a mutual fund firm--said that it had been contacted by several parties interested in buying its Catellus shares. Catellus, one of California's largest real estate companies and owner of Union Station in downtown Los Angeles, said the plan will protect the San Francisco-based firm from "coercive or unfair takeover tactics."
BUSINESS
October 11, 1989 | From Associated Press
A Memphis, Tenn.-based investment management concern increased its stake in British advertising conglomerate Saatchi & Saatchi Co. to 10.24%, it was disclosed Tuesday. In a filing with the Securities and Exchange Commission, Southeastern Asset Management Inc. said it paid $79.7 million over the last two months to buy 3.4 million ordinary shares of Saatchi & Saatchi, the world's largest advertising holding company. That increased Southeastern's holdings to 5.
BUSINESS
November 4, 2005 | From Associated Press
Knight Ridder Inc., the second-largest newspaper publisher in the country, came under renewed pressure from investors Thursday as its third-largest shareholder joined a call to put the company up for sale. Another major investor also said it would be taking an active role in discussing the company's future.
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