Examples of Magna Board in a sentence
Mineral oil is hydrostatic up to 4 GPa, as determined by the width and splitting of the ruby lines [22].
That business decision was recommended by the Special Committee and is within the range of reasonable alternatives available to the Magna Board.
Further, requiring a fairness opinion to be obtained as a pre-condition to submitting a transaction to shareholders would be an inappropriate attempt to regulate the price that may be paid to a controlling shareholder to relinquish the rights attaching to its shares.[53] Mason did not make submissions on any other aspect of this matter, including the process followed by the Magna Board and the Special Committee or the adequacy of Magna’s public disclosure relating to the Proposed Transaction.
The REACH initiative and other private sector efforts such as the Jordan Vision 2020 strategy document have encouraged certain progressive government officials to pursue modernization more aggressively.
A board acting in good faith can determine, as the Magna Board did here, that the making of a recommendation would not be appropriate having regard to all the circumstances.
Appropriate factual statements were made in a forthright manner in the Circular that there was no recommendation being made by the Magna Board and that there was no fairness opinion or valuation that was being provided.
Ultimately, Staff’s position on the question of abuse, apart from the issue of the adequacy of disclosure, was that the Commission should have intervened for three reasons: (i) because the Magna Board did not provide a recommendation or “opine on the fairness of the transaction” in the Circular, (ii) because no valuation of the Class B Shares was provided to Class A Shareholders, and (iii) because of the involvement of Magna executive management in the negotiation of the Proposed Transaction.
Yet, though various impediments in the research have prevented a comprehensive literature sample, the existing scholarship and available primary sources do provide a foundation that supports my hypothesis.
It also submitted that the Magna Board and the Special Committee followed a proper and thorough process in reviewing and approving the submission of the Proposed Transaction to a shareholder vote.
The mandate of the Special Committee was to review and consider the Proposed Transaction for submission initially to the Stronach Trust and, if acceptable to the Stronach Trust, to report to the Magna Board as to whether the Proposed Transaction should be submitted to the holders of Magna’s Subordinate Voting Shares for their consideration.