Latest Special Committee Stories
Sends letter to Clearwire Board calling DISH's offer "clearly superior" to Sprint's and urging the Clearwire Board to pursue a competitive bidding process HOUSTON, May 30, 2013 /PRNewswire-USNewswire/ -- Crest Financial Limited, the largest of the independent minority stockholders of Clearwire Corporation (NASDAQ: CLWR), today urged the Clearwire Board of Directors to reverse its recommendation on the Sprint-Clearwire merger following DISH Network Corporation's $4.40 per share tender...
BEIJING, May 22, 2013 /PRNewswire/ -- Pactera Technology International Ltd. (Nasdaq: PACT) ("Pactera" or the "Company"), a global consulting and technology services provider strategically headquartered in China, today announced that its board of directors has established a special committee (the "Special Committee") to consider the proposal letter, dated May 20, 2013, from a consortium comprised of an affiliate of funds managed or advised by Blackstone, the Company's non-executive...
BEIJING, April 26, 2013 /PRNewswire/ -- UTStarcom Holdings Corp. ("UTStarcom" or the "Company") (NASDAQ: UTSI), a leading provider of media operational support services and broadband equipment products and services, today announced that a special committee of independent directors of the Company's board of directors (the "Special Committee") has selected Citigroup Global Markets Inc. as its financial advisor. As previously announced, the Company's board of directors formed the...
BEIJING, April 9, 2013 /PRNewswire/ -- UTStarcom Holdings Corp. ("UTStarcom" or the "Company") (NASDAQ: UTSI), a leading provider of media operational support services and broadband equipment products and services, today announced that a special committee of independent directors of the Company's board of directors (the "Special Committee") has selected Kirkland & Ellis International LLP ("Kirkland & Ellis") as its legal counsel. The Special Committee also intends to retain a...
(TSX: SCL.A, SCL.B) TORONTO, March 1, 2013 /PRNewswire/ - The Special Committee of the Board of Directors of ShawCor Ltd. (the "Special Committee") is providing an update today regarding the proposed elimination of ShawCor's dual class share structure which will be the subject of a shareholder vote at a special meeting scheduled for March 14, 2013 (the "Special Meeting"). Further information relating to the Special Meeting can be found in the Company's Management Proxy...
(TSX: AAV, NYSE: AAV) CALGARY, Feb. 26, 2013 /PRNewswire/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") announces that it has formed a special committee of independent directors (the "Special Committee") comprised of Mr. Steven Sharpe, as Chairman and Messrs. Stephen Balog and Ronald McIntosh, to oversee the strategic alternatives review process with the assistance of its advisors, FirstEnergy Capital Corp. and RBC Capital Markets. The Special Committee is...
TSX.V Symbol: "WND" OTCQX Symbol: "WNDEF" Issued and Outstanding: 70,462,806 VANCOUVER, Jan. 21, 2013 /PRNewswire/ - Western Wind Energy Corp. - (the "Company" or "Western Wind") (TSX Venture Exchange - "WND") (OTCQX - "WNDEF") announces that it has mailed a supplementary directors' circular (the "Supplementary Directors' Circular") in response to the offer (the "Offer") from WWE Equity Holdings Inc. (the "Offeror"), an indirect subsidiary of Brookfield Renewable Energy Partners...
DETROIT, Jan. 19, 2013 /PRNewswire/ -- Greektown Superholdings, Inc. announced that on January 17, 2013 its Board of Directors formed a Special Committee of the Board to review the previously disclosed correspondence received from Athens Acquisition LLC ("Athens"). The Special Committee's mandate is to assess Athens' position and make a recommendation to the Board of Directors on this and other strategic alternatives. The Special Committee is in the process of retaining special...
WALTHAM, Mass., Dec. 26, 2012 /PRNewswire/ -- Steinway Musical Instruments, Inc. (NYSE: LVB), one of the world's leading manufacturers of musical instruments, announced today the conclusion of its previously announced evaluation of strategic alternatives. In July 2011, after receiving an unsolicited proposal to acquire the Company's band instrument division, Steinway's Board of Directors engaged Allen & Company LLC to assist a Special Committee of the Board in evaluating the...
NEW YORK, Nov. 26, 2012 /PRNewswire/ -- The Special Committee (the "Special Committee") of the Board of Directors of CNH Global N.V. (NYSE: CNH) ("CNH") today announced that it has recommended the merger agreement entered into today between CNH and Fiat Industrial S.p.A. ("FI"). The terms of the transaction (the "Transaction") are as follows: FI and CNH will merge into a newly-formed company organized in the Netherlands ("NewCo"). CNH shareholders will receive 3.828 NewCo shares...
