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Developer shall have executed a First Source Agreement and a CBE Agreement.
A well-known example of a reverse takeover in the United Kingdom was Darwen Group’s 2008 takeover of Optare plc. This was also an example of a back-flip takeover (see below) as Darwen was rebranded to the more well-known Optare name. A proxy vote is the act of the acquirer company persuading existing shareholders to vote out the management of the target company so it will be easier to take over. For example, Company A could persuade shareholders of Company B to use their proxy votes to make changes to the companys board of directors. The goal of such a proxy vote is to remove the board members opposing the takeover and to install new board members who are more receptive to a change in ownership and who, therefore, will vote to approve the takeover (hostile takeover agreement). However, a silver lining for creditors is that such an action does come with consequences to the borrower. If a subsidiary becomes
Erwin Seba
2 minute read
United Steelworkers (USW) union members picket outside Exxon Mobil s oil refinery amid a contract dispute in Beaumont, Texas, U.S., May 1, 2021. REUTERS/Erwin Seba
The United Steelworkers union has requested that a federal mediator help resolve a 5-day-old lockout of about 650 workers at an Exxon Mobil Corp (XOM.N) oil refinery, said people familiar with the matter.
The oil company on Saturday barred USW Local 13-243 members from its Beaumont, Texas, plant, citing the union s refusal to call for a vote on a contract proposal. Exxon also feared the workers might strike, officials have said. read more
From: Employment and Social Development Canada
Today, the Minister of Labour, Filomena Tassi, issued the following statement regarding the Royal Assent of Bill C-29
Today, the Minister of Labour, Filomena Tassi, issued the following statement regarding the Royal Assent of Bill C-29:
“Canadians and the Canadian economy rely on the Port of Montréal and its workers to keep goods moving.
The introduction of this legislation was not something our government took lightly. We believe the best collective agreements are the ones made at the table between the parties. However, after over two and half years of federally-supported negotiation and having exhausted all other options, legislation was necessary to avoid further and lasting harm to our economy, including the loss of a significant number of jobs.