All articles tagged with #stockholders
Compass and Anywhere Real Estate have received overwhelming approval from their stockholders to proceed with their merger, which is expected to close on January 9, 2026, subject to customary conditions, aiming to enhance their real estate services and support for agents.
Core Scientific announced that it did not receive enough votes from stockholders to approve its merger with CoreWeave, as disclosed in a recent special meeting. The company focuses on digital infrastructure and digital asset mining, with plans to expand into high-density colocation services and AI workloads.
Nikola Corporation's Board of Directors has rejected a slate of five dissident nominees proposed by former Executive Chairman Trevor Milton for election as directors at the 2024 Annual Meeting of Stockholders. The board cited the lack of public company experience and relevant industry expertise in the proposed nominees. The company is seeking to recover unpaid judgments from Mr. Milton and emphasized that its current board members possess the necessary skills and experience for Nikola's success in the zero-emissions trucking and energy infrastructure business. Nikola intends to file its own director nominees with the SEC and urges stockholders to carefully review the proxy statement when available.
Meta CEO Mark Zuckerberg announced Facebook's first dividend of $0.50 per share, set to make shareholders, including top executives and institutions, very rich. This move is unusual for a tech company and signals a shift in Meta's strategy, potentially pressuring other tech firms to follow suit. The dividend payment, scheduled to begin on 26 March 2024, is seen as a challenge to other tech companies, particularly those driven by AI, to consider similar moves, potentially transforming the equity markets and the world of AI.
Liberty Media's tracking stock group, Liberty SiriusXM, will merge with satellite radio and audio entertainment company SiriusXM to create a new public company called "New SiriusXM." The deal simplifies the ownership structure and enhances liquidity for stockholders. The transaction has been unanimously approved and is expected to be completed in the third quarter of 2024, subject to regulatory approvals and other closing conditions. The merger offers stockholders the opportunity to participate directly in the long-term potential of the leading audio entertainment company in North America.
VMware stockholders are set to receive a windfall as the company's merger deal with Broadcom has received Chinese regulatory approval and is scheduled to close on Wednesday.
Broadcom and VMware expect their pending acquisition transaction to close soon, prior to the expiration of their merger agreement. The companies have received legal merger clearance in multiple jurisdictions and there are no legal impediments to closing under U.S. merger regulations. VMware stockholders have made their elections regarding the form of consideration they wish to receive in exchange for their shares, with approximately 96% choosing the stock consideration and approximately 4% opting for the cash consideration. The merger consideration is subject to proration, and each VMware stockholder will receive either cash or Broadcom common stock based on their election.
Brookfield Real Assets Income Fund Inc. (NYSE: RA) has announced that its Board of Directors has declared the Fund's monthly distributions for October, November, and December 2023. The monthly distribution will be reset from $0.1990 per share to $0.1180 per share, payable to stockholders of record on the specified dates. The Fund's investment adviser believes that this adjusted distribution aligns closely with the Fund's expected total return and supports sustainable earnings and distribution coverage. The Fund's investment objective, strategy, and process remain unchanged.
Atlanta Braves fans will have the opportunity to purchase shares of the MLB team as Liberty Media, the owner of the Braves, approved the split-off of Atlanta Braves Holdings. The newly independent company will own the Braves and its associated real estate development projects, including The Battery Atlanta. Each outstanding share of Liberty Braves common stock will be redeemed for one share of Atlanta Braves Holdings common stock, and the team will become its own publicly-traded company on NASDAQ. Ticker symbols for the Atlanta Braves Holding Series A, B, and C common stock will be "BATRA," "BATRB," and "BATRK."