Not every issuance of stock triggers the preemptive rights
of other shareholders, and state law should be consulted in this regard.
The period is extended to fifty years if the option or preemptive right
is held by a government, government agency or subdivision, or a defined quasi-public entity.
Till yesterday the rule was that the province which has the largest population has the preemptive right
on every resource.
22 July 2011 - Norwegian fertiliser maker Yara International ASA (OSL: YAR) is considering using its preemptive right
to buy Oswal family's 65% stake in Australian joint venture Burrup Holdings, Yara spokesman Asle Skredderberget, told Norwegian news source iMarkedet Xpress on Friday.
According to analysts, the issue of ownership has stalled the fleet restructuring because Ansett had apparently hoped to secure capital from Singapore Airlines Ltd (SIA), but this was thwarted when Air New Zealand exercised its preemptive right
to prevent SIA from purchasing News Corp Ltd`s 50% stake in Ansett during June 1999.
In addition, Yara has a preemptive right
. Thus, the company will probably await to see how the situation will develop and will enter the bidding process when other bids have been placed, Lerstad said.
The shareholders authorised on 16 May private placements and share issues to suitable investors, aimed at raising additional capital for IDEX, waiving their preemptive right
to subscribe for shares in such cases.Country: NorwaySector: ElectronicsTarget: IDEX ASA Buyer: World Wide Touch Technology (Holdings) Ltd Deal size in USD: 5mType: StakebuildingStatus: Agreed
The largest stockholder, which is an affiliate of US Time Warner Inc (NYSE:TWX), is buying the shares through the exercise of its preexisting contractual preemptive right
Norwegian chemical group Yara International (OSL:YAR) is mulling over the possible use of its preemptive right
to acquire the 65% in Australian joint venture Burrup Holdings owned by the Oswal family, a spokesperson for Yara told news source iMarkedet Xpress today.
The remaining shareholders in Ariconsult have a two-month preemptive right
period to buy the shares.
Accordingly, the UCPB shares of stock representing the 72.2-percent fully paid shares subject of the instant petition, with all dividends declared, paid or issued upon thereon, as well as any increments thereto arising from, but not limited to, the exercise of preemptive right
, shall be reconveyed to the government of the Republic of the Philippines, which as we previously clarified, shall be used 'only for the benefit of all coconut farmers and for the development of the coconut industry.'"
HEAG Holding, which holds 53% of HSE, has a preemptive right
to acquire E.ON's stake.