Zhongpin Inc., a meat and food processing company in China, announced that it has established a special committee of its board of directors to consider the preliminary, non-binding proposal received from Zhongpin's chairman and chief executive officer, Mr. Xianfu Zhu, on March 27, 2012 to acquire all of the outstanding shares of the Company's common stock not currently owned by him in a going private transaction (the ‘Zhu Proposal’).
Citigroup’s chairman, Win Bischoff, may in for a boardroom battle. Some of the bank’s directors are considering a move to replace Mr. Bischoff amid the board’s growing dissatisfaction with the company’s performance, The Wall Street ... Read Post
Genentech said Thursday that the company had formed a special committee, consisting of its three independent board members, to consider a takeover bid from Roche Holding. The committee’s chairman, Charles A. Sanders, called Roche’s ... Read Post