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Alex Jhon

Shareholders Agreements - Shareholders Agreement Template - 0 views

www.netlawman.co.nz/...shareholders-agreements.php

company shareholders agreement

shared by Alex Jhon on 10 Oct 11 - No Cached
  • Alex Jhon on 10 Oct 11
     
    Get best quality shareholders agreements, shareholder forms and stock transfer forms written in plain English. Easy to use."
  • Alex Jhon on 06 Mar 12
     
    Get best quality shareholders agreements, shareholder forms and stock transfer forms for New Zealand. Written in plain English and Easy to use
Pedro Gonçalves

BAE-EADS: Angela Merkel blamed for collapse of £28bn merger | Business | The ... - 0 views

www.guardian.co.uk/...angela-merkel-bae-eads-merger

BAE EADS Germany France Defense

shared by Pedro Gonçalves on 11 Oct 12 - No Cached
  • The proposed combination of Britain's largest defence contractor and the Franco-German owner of Airbus would have created a pan-European manufacturing powerhouse with 220,000 employees, making hi-tech products ranging from nuclear submarines and Typhoon fighter jets to the A380 superjumbo.
  • "It [Merkel's opposition] was a key factor in the decision to terminate the talks," said the source. Another added that Merkel appeared to be "philosophically opposed" to combining a defence business with a civil aerospace company. "The fundamental problem is that Merkel does not feel comfortable with the deal, full stop."
  • France, which controlled 15% of EADS directly, was unhappy with German demands for the business to have its headquarters in Munich, while Germany was concerned that France could end up with a bigger shareholding in the new business than the 9% it was seeking.The UK, in turn, refused to allow German and French political representatives to sit on the BAE board, as would have been likely under the dual-listed structure envisaged by both companies.
Pedro Gonçalves

BBC News - Brussels plans European banking union from 2013 - 0 views

www.bbc.co.uk/...business-18409175

Euro EU Economy Banking

shared by Pedro Gonçalves on 13 Jun 12 - No Cached
  • A single regulator to oversee banks across all 27 European Union states could be in place as early as 2013 according to the European Commission. A controversial new bank bailout fund financed by a tax on financial institutions is also planned. The proposal includes an EU-wide deposit guarantee scheme to protect savers in the event of a bank collapse.
  • European banks are the biggest lenders to EU governments. The guarantee scheme would reduce banks' risk from lending to indebted governments such as Portugal. So indebted governments could benefit from artificially low borrowing costs by piggy-backing loan guarantees from Germany without addressing their underlying economic problems. For that reason, Sabine Lautenschlaeger insists that banking union should go hand-in-hand with fiscal union to ensure all EU governments adhere to strict budget policies. And that insistence could stall the whole banking union process.
  • Mr Barroso's plan would create a bank rescue fund from levies on financial institutions across the EU, effectively reducing company profits and shareholder dividends. This could also remove the possibility of one set of taxpayers, for example, in Germany, having to bail out savers in another country such as Spain.
Argos Media

Restructuring deal is last chance saloon for General Motors | Business | guardian.co.uk - 0 views

www.guardian.co.uk/...general-motors

US Economy GM Chrysler Fiat

shared by Argos Media on 28 Apr 09 - Cached
  • The ailing carmaker General Motors has proposed handing a controlling stake of more than 50% to the US government as it struggles to reach a deal with its lenders to avert imminent bankruptcy.The nationalisation, in effect, of the biggest US motor manufacturer would be part of a huge debt-for-equity swap as GM tries to shed $44bn (£30bn) of $62bn in crippling liabilities owed to the government, trade unions and bondholders.
  • But the plan was condemned last night as "neither reasonable nor adequate", by bondholders who would get only 10% of the company, forcing them to write off billions of dollars. Existing shareholders would be left with only 1%.
  • With its future on a knife-edge, GM delivered a blunt warning that unless its creditors accepted the plan, it would declare bankruptcy and leave the courts to carve up the company. Fritz Henderson, the chief executive, told a press conference at the company's headquarters: "If this cannot be accomplished out of court, we'll go into court and restructure GM under bankruptcy if it's necessary."
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  • As it struggles to stay afloat, GM has deepened cuts that will include 23,000 job losses by 2011, the closure of 16 of its 47 factories in the US and a 42% drop in the number of dealers selling its vehicles.
  • GM announced it was shutting its 83-year-old Pontiac marque as it slims its portfolio of brands to focus on just four names in the US: Chevrolet, Cadillac, Buick and GMC. The gas-guzzling Hummer and Sweden's Saab will either be sold or closed by next year but GM made it clear that Britain's Vauxhall brand was not under threat.
  • Under the company's plan, the US treasury and the United Auto Workers' union would get 89% of the company between them. In return, the government would write off half of the emergency lending extended to GM by US taxpayers.The union's shares would replace the billions of dollars due to be pumped into a trust fund to cover employees' healthcare.
  • GM has offered a 10% stake to bondholders, who are owed $27bn – a tough proposition to swallow. For each $1,000 of loan notes, bondholders would get 225 shares, worth little more than $550 at today's market price.
  • The Obama administration insisted that private-sector creditors should get no more than this slim return, demanding that unions and taxpayers receive the lion's share of the company. But in order to proceed, the proposal must be accepted by an overwhelming majority of 90% of bondholders by a deadline of 1 June.
  • An ad hoc committee representing bondholders last night vigorously objected to the carve-up: "We believe the offer to be a blatant disregard of fairness for the bondholders who have funded this company and amounts to using taxpayer money to show political favouritism of one creditor over another."
  • Rebecca Lindland, an analyst at IHS Global Insight, said many bondholders were likely to believe they could get a better deal under a bankruptcy arrangement: "The Obama administration may be more pro-union than a bankruptcy judge but it's really a roll of the dice."
  • GM's smaller rival, Chrysler, has a deadline of Thursday to strike a rescue deal with Italy's Fiat without which the US government has said it will withdraw financial support. Daimler assisted the process last night by in effect writing off its 19.9% stake in Chrysler and $1.9bn in loans.
  • For GM, the challenge is to shrink to a scale where it can break even with sales of 10m cars in the US annually, rather than the previous rate of 15m to 17m.
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