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WYN » Topics » Provisions in our certificate of incorporation, by-laws and under Delaware law may prevent or delay an acquisition of our Company, which could impact the trading price of our common stock.This excerpt taken from the WYN 10-Q filed May 7, 2009. Provisions
in our certificate of incorporation, by-laws and under Delaware
law may prevent or delay an acquisition of our Company, which
could impact the trading price of our common stock.
Our certificate of incorporation, by-laws and Delaware law
contain provisions that are intended to deter coercive takeover
practices and inadequate takeover bids by making such practices
or bids unacceptably expensive and to encourage prospective
acquirors to negotiate with our Board rather than to attempt a
hostile takeover. These provisions include, among others: a
Board of Directors that is divided into three classes with
staggered terms; elimination of the right of our stockholders to
act by written consent; rules regarding how stockholders may
present proposals or nominate directors for election at
stockholder meetings; the right of our Board to issue preferred
stock without stockholder approval; and limitations on the right
of stockholders to remove directors. Delaware law also imposes
restrictions on mergers and other business combinations between
us and any holder of 15% or more of our outstanding common stock.
This excerpt taken from the WYN 10-K filed Feb 27, 2009. Provisions
in our certificate of incorporation, by-laws and under Delaware
law may prevent or delay an acquisition of our Company, which
could impact the trading price of our common stock.
Our certificate of incorporation, by-laws and Delaware law
contain provisions that are intended to deter coercive takeover
practices and inadequate takeover bids by making such practices
or bids unacceptably expensive and to encourage prospective
acquirors to negotiate with our Board rather than to attempt a
hostile takeover. These provisions include, among others: a
Board of Directors that is divided into three classes with
staggered terms; elimination of the right of our stockholders to
act by written consent; rules regarding how stockholders may
present proposals or nominate directors for election at
stockholder meetings; the right of our Board to issue preferred
stock without stockholder approval; and limitations on the right
of stockholders to remove directors. Delaware law also imposes
restrictions on mergers and other business combinations between
us and any holder of 15% or more of our outstanding common stock.
Table of Contents
This excerpt taken from the WYN 10-Q filed Nov 10, 2008. Provisions
in our certificate of incorporation, by-laws and under Delaware
law may prevent or delay an acquisition of our Company, which
could impact the trading price of our common stock.
Our certificate of incorporation, by-laws and Delaware law
contain provisions that are intended to deter coercive takeover
practices and inadequate takeover bids by making such practices
or bids unacceptably expensive and to encourage prospective
acquirors to negotiate with our Board rather than to attempt a
hostile takeover. These provisions include, among others: a
Board of Directors that is divided into three classes with
staggered terms; elimination of the right of our stockholders to
act by written consent; rules regarding how stockholders may
present proposals or nominate directors for election at
stockholder meetings; the right of our Board to issue preferred
stock without stockholder approval; and limitations on the right
of stockholders to remove directors. Delaware law also imposes
some restrictions on mergers and other business combinations
between us and any holder of 15% or more of our outstanding
common stock.
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