On2’s shareholders – or at least a vocal subgroup of them – are not at all happy about the planned Google acquisition. Two lawsuits have been filed to stop the deal, with both complaints alleging that On2 more or less served itself on a silver platter.
Google offered to acquire On2 for 60 cents per share (or $106.5 million in all), which represented a 57 percent premium over On2’s closing price the day before. However, the day after the acquisition was announced, On2 gave its best quarterly financial report in over a year, which made the deal look less sweet.
Apple Shareholders Live Blog In Press’s Absence
Before Apple’s shareholder meeting began today in Cupertino, Calif., members of the press were upset about it being more of a “prevent” than an event. Apple barred the press from live-blogging or even carrying laptops or smartphones into the meeting—the gag rule didn’t apply to shareholders themselves apparently.
Yahoo Shareholders Think Less Of Board Change
Rather than having security escort all of Yahoo’s current board off the premises, some major Yahoo investors think there’s room for a mix of old and new directors running the show.
Yahoo’s Semel Takes His Lumps From Shareholders
It’s easy to imagine Yahoo chief Terry Semel went home limping after yesterday’s meeting with shareholders, and promptly crawled inside a bottle of fermented comfort. Shareholders weren’t happy with his performance, and they told him so.
Google Shareholders Support Censorship?
During the Vietnam War, an American major said, “It became necessary to destroy the village in order to save it.” Well, in a slight twist on that, Google’s shareholders have decided that they must continue censoring Google China in order to keep it alive.
Shareholders Want Bigger Microsoft Buyback
The $30 billion stock repurchase Microsoft started in 2004 will soon end, and angry shareholders have started to air their complaints that Microsoft should buy even more stock.
Google – Responsibility To Warn Shareholders?
The Age asks a tough question: If Google knew its fourth-quarter tax rate was going to be almost 70% higher, did it have a responsibility to warn shareholders?
Sprint and Nextel Get Merger Approval From Shareholders
Shareholders of both Nextel and Sprint have voted to approve the merge or equals between Sprint Corp. and Nextel Communications, which was announced back in December.
Shareholders Approve Merger of P&G and Gillette
Procter & Gamble’s plan to acquire Gillette for $57 billion has been approved by shareholders of both companies. As a result of the merger, P&G will increase the products it sells, adding items like razors and batteries.
Symantec, Veritas Shareholders Endorse Merger
The planned merger received the stamp of shareholder approval today in overwhelming fashion.