Tidewater Announces Expiration of Rights Plan

Wednesday, November 01, 2006
Tidewater Inc. announced that the company’s stockholder rights plan expired in accordance with its terms on November 1, 2006. While the company is not currently considering the adoption of a new stockholder rights plan, the Board of Directors has adopted a policy preserving its ability to implement a stockholder rights plan in the future. This newly adopted rights plan policy provides that in the future the Board will only adopt a stockholder rights plan if approved by the Company’s stockholders or if the Board, in the exercise of its fiduciary responsibilities, determines that the adoption of a rights plan without delay is in the best interest of the Company’s stockholders. If the Board adopts a rights plan in the future without prior stockholder approval, the Board will be required under the new policy to obtain stockholder ratification of the rights plan within 12 months of the date of its adoption, failing which the rights plan will terminate.
Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Sales

Taiwan Naval Fleet Adds Home-Grown Vessel

Taiwanese Navy formally took delivery Friday of a new locally designed supply vessel that it said will help enhance Taiwan's maritime combat capabilities.   In

Indian Shipping Ministry Seeks Tax Sops

India's shipping ministry is asking for a tax holiday and more incentives for the shipbuilding industry in the upcoming Union budget, according to a report in the Economic Times.

Vroon Adds Twelfth Tanker

Dutch ship owner Vroon has confirmed the purchase of the MT ST Charlotte, a 2006-built bitumen/molten sulphur tanker. The vessel will be renamed Iver Ability and

Finance

Sino-Global to Acquire Tanker

Sino-Global Shipping America, Ltd. a shipping agency, logistics and ship management services company, today announced that it has entered into a Memorandum of Understanding (the "MOU"),

Investment Impact in Inland Waterways System

The National Waterways Foundation (NWF) has commissioned and released a two-year, ground-breaking study by the University of Tennessee and the University of Kentucky,

The 2nd Ballast Water Management Summit

Sign-up for this year’s most in-depth exchange of information and best venue for BWT stakeholders to network and meet their regulatory peers is underway.   Infocast’s

 
 
Maritime Careers / Shipboard Positions Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1037 sec (10 req/sec)