Category: shareholder
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Frenkel ups Alony Hetz stake to become biggest shareholder
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Nathan Hitz, CEO of Real Estate Company for Income and Renewable Energy Alony Heet (tase: Alhe) is the largest contributor to the company. On Thursday, Israeli businessman Aaron Frenke bought shares in the company for 60 million NIS, giving him a 13 % stake, Hetz, which has a 12.5 %…
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Jared Kushner becomes biggest shareholder in Phoenix
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Updated 19.00 The Financial Market, Insurance and Savings Authority has approved the sale of shares in Phoenix Financial Ltd (TASE:PHOE) to the convergence fund of Jared Kushner, son-in-law of US President-elect Donald Trump. The approval was issued on the last day before the expiration of the option to exercise 4.95%…
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Nvidia Hit With Shareholder Lawsuit Over Hidden Crypto Revenue
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A US global chipmaker lost its bid to halt the 2018 shutdown Class action lawsuit against her after the Supreme Court rejected her appeal. Nvidia has lost its legal battle to dismiss a cryptocurrency fraud case brought by shareholders after the US Supreme Court ruled it would no longer accept…
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Teva shareholder sues after $450m US settlement
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Last weekend, Teva Pharmaceuticals Industries (Teva: TEVA, NYSE: TEVA) announced that it had reached a settlement with the US Department of Justice and would pay fines totaling $450 million, to be paid over six years, without admitting any wrongdoing. , to the defendants. Ending the lawsuits filed against it by…
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Teva shareholder sues after $450m US settlement
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Last weekend, Teva Pharmaceuticals Industries (Teva: TEVA, NYSE: TEVA) announced that it had reached a settlement with the US Department of Justice and would pay fines totaling $450 million, to be paid over six years, without admitting any wrongdoing. , to the defendants. Ending the lawsuits filed against it by…
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How Kirubi group exit sparked Old Mutual shareholder battle
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Three Kenyan billionaires – James Mogiye, the late Chris Kirby and Joe Wangui – have controlled UAP Holdings for years, which has paid them huge dividends from years of consistent profitability. The money tycoons also made billions of dollars from calculated stock sales that left a bad taste in the…
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Old Mutual disowns Sh3.9bn buildings in shareholder row
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The Old Mutual Holdings shareholder battle has put the spotlight on the ownership of three properties worth a combined Sh3.9 billion after the insurer distanced itself from the assets. On August 22, billionaire businessman Joel Kibby, who owns 1.54 million shares in Old Mutual, obtained a court order preventing the…
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Shareholder row at Old Mutual as billionaire seeks Sh1bn buyout
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Billionaire businessman Joel Kibe has filed a lawsuit against Old Mutual Holdings, seeking to buy it for a price likely to exceed Sh1 billion. Kibe accuses the insurance company of violating the rights of minority investors in favour of its largest shareholder, Old Mutual East Africa Holdings. In an application…
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DIRTT Announces Debenture Repurchase, Enters into Support Agreement and Amends Shareholder Rights Plan
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Aug 02, 2024 • 12 minute…
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Goldman Sachs bullish on China shareholder returns By Investing.com
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Investing.com — A trend of increasing shareholder returns among Chinese companies, especially through dividends and buybacks, is taking shape in China, Goldman Sachs analysts wrote in a note. GS said it was bullish on the issue of shareholder returns in Chinese stocks, noting that the trend had been a “rewarding…
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Erdene Releases 2024 Shareholder Letter
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on June 19, 2024 • 2 min…
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GameStop stock tanks 15% during shareholder meeting as few details on strategy emerge
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GameStop (GME) stock fell as much as 15% during the struggling video game retailer’s annual shareholder meeting on Monday as the company provided few details about its strategy moving forward. Chairman and CEO Ryan Cohen spoke briefly during the upcoming meeting, emphasizing the company’s focus on achieving profitability. “In terms…
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US Supreme Court to hear Nvidia bid to scuttle shareholder lawsuit By Reuters
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Written by John Crozel WASHINGTON (Reuters) – The U.S. Supreme Court on Monday agreed to hear a request from Nvidia Inc (NASDAQ:) to thwart a securities fraud lawsuit accusing the artificial intelligence chip maker of misleading investors about how much of its sales went into the volatile cryptocurrency industry. The…
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Elon Musk Secures Shareholder Approval for Historic £44bn Tesla Pay Package
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Tesla CEO Elon Musk has won shareholder approval to reinstate his unprecedented $56bn (£44bn) pay package, marking the largest in US corporate history. Tesla confirmed that proposals to ratify Musk’s compensation deal and move the company’s legal headquarters to Texas have been approved by shareholders. Enthusiastic chants of “Elon Musk,…
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Musk says Tesla shareholder vote for $56 billion pay package passing by wide margins By Reuters
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(Reuters) – Tesla (NASDAQ:) shareholder decisions on CEO Elon Musk’s pay package and its move to move legal headquarters to Texas are currently passing by wide margins, Musk said in a post on social media platform X on Wednesday. Electric car maker Tesla shareholders are voting on a proposal to…
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Vanadiumcorp Shareholder Files Dissident Circular
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on June 12, 2024 • 3 minutes…
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Tesla shareholder sues Musk to return billions in alleged unlawful profits By Reuters
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WILMINGTON, Del. (Reuters) – Elon Musk made billions of dollars by selling Tesla Inc (NASDAQ:) shares using inside information, an institutional shareholder charged in a lawsuit filed on Tuesday is asking a court to direct the Tesla CEO to return “unlawful profits.” Legal”. “ The lawsuit comes two days before…
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Tesla turns to Musk’s small shareholder fans to back $56 billion payday By Reuters
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Written by Ross Kerber (Reuters) – With Tesla Inc’s (NASDAQ:) major shareholders appearing divided over whether to support Elon Musk’s $56 billion pay package, the company is also looking for support from individual investors who make up an unusually high percentage of the industry’s ownership base. Electric cars. Small investors…
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Tesla shareholder sues Musk for alleged $7.5 billion insider trading By Reuters
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(Reuters) – A Tesla (NASDAQ:) shareholder filed a lawsuit on Thursday accusing CEO Elon Musk of insider trading when he sold more than $7.5 billion in shares of the electric car maker in late 2022, saying the businessman… The billionaire sold the stock before it was disappointing. Production and delivery…
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Athabasca Oil Corporation Announces Results from 2024 Annual Shareholder Meeting
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Article content CALGARY, Alberta, May 09, 2024 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) announces that all matters will be submitted for approval at its annual and special general meeting of shareholders held on May 9, 2024. Fully approved and approved. Items on the agenda…