Shareholder wants to oust Tyson Foods' board

Article Abstract:

Tyson Foods' largest institutional shareholder, the California Public Employee's Retirement System (CalPers), is petitioning for the eviction of the company's 13-member board. CalPers believes that the board holds no accountability to shareholders, having three Tyson family members and five former and current executives. The institutional shareholder also wants to void the chicken marketer's trading of dual class shares since the company's class B holdings are 90% controlled by insiders.

Dressed Poultry, Poultry Processing, Tyson Foods Inc.

---

Luby's proxy fight illustrates investors' readiness to act

Article Abstract:

Luby's Cafeterias Inc, a San Antonio, TX-based restaurant chain with 220 barnches in 10 states, reports that it survived a contentious proxy fight with the Committee of Concerned Luby's Shareholders last Jan 12, 2001. The dissident group, which wanted more proactive directors to engineer a quicker corporate turnaround, failed to get enough votes for its slate of directors. The company's board of director, however, still faces criticism from hostile shareholders.

Fast Food Restaurants, Limited-Service Restaurants, Luby's Cafeterias Inc.

---

The battle for a piece of Eskimo Pie

Article Abstract:

Eskimo Pie Corp has won a proxy battle with its largest shareholder, Yogen Fruz Worldwide. However, Eskimo Pie may have lost the war since seven of its directors have agreed to Yogen Fruz's demand to sell the company. The directors threatened to resign if the company is not sold by Apr 1999. Further, the hostile takeover attempt came just as Eskimo Pie's sales performance is starting to turn around.

Ice Cream and Frozen Dessert Manufacturing, Frozen Yogurt, Ice Cream Novelty Forms, Eskimo Pie Corp., Ice cream novelties

Similar abstracts:

• Abstracts: All eyes on tech stocks: investors watch for Microsoft fallout today. Microsoft pulls out of slump
• Abstracts: Moody's puts Xerox rating below investment grade; action adds to concerns about liquidity. Facing slump and big debts, Xerox hires consulting firm
• Abstracts: The industrial sector swept past resources to win TSE top prize. Canfor goes high tech to cut costs
• Abstracts: Appeals Court Rules Investors Can't Sue Seller of Tax Shelter. Polaroid make a digital leap, but is it enough?
• Abstracts: Coutu plans $500-million stock sale: Drugstore chain hopes to take advantage of share price to help pay down debt

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.