high-quality shopping centers in the country. It was much easier to buy a shopping center company than to develop shopping centers from the ground up‚ which is really why Simon was interested in Taubman. Thus‚ Simon Property Group launched a hostile tender offer for Taubman Centers. This was a hostile bid because Taubman was not for sale and‚ therefore‚ a negotiated transaction was not possible. So Simon made an effort to acquire Taubman‚ notwithstanding the fact that Taubman ’s board of directors was
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What Would You Do? Chapter 4 American Express Headquarters‚ New York‚ NY Headquarters‚ New York‚ New York.1 With medical costs rising 10 to 15 percent per year‚ one of the members of your Board of Directors mentioned that some companies are now refusing to hire smokers and that the board should discuss this option at the next month’s meeting. Nationwide‚ about 6‚000 companies refuse to hire smokers. Weyco‚ an employee benefits company in Okemos‚ Michigan‚ requires all applicants to take
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Below are the different types of share capital of a company:- Preference Shares‚ Ordinary Shares‚ Deferred Shares‚ Redeemable Shares and Share Warrants to Bearer. Preference Shares are shares which normally entitle the shareholders a priority to receive a fixed rate of dividend out of the profits of the Company (current year only) per annum. Different classes of preference shares may exist. Preference shares are usually cumulative and non-participating. They cannot participate to further
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1. One of your inmates is a murderer. When he was 18 years old‚ he killed his girlfriend. He received a sentence of life with the possibility of parole. He is now 58 years old and you have come to realize that he is a model prisoner. He has shown impeccable behavior‚ has a job within the prison‚ has been around the community during furloughs and has become a positive influence and a great role model for other prisoners. Also‚ he has formed a bond with the victim’s family‚ who has forgiven him for
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Firstly‚ and most importantly‚ teachers in all schools should realize that they are responsible for their students’ future. This is especially true for children from less affluent homes who cannot afford to supplement the school’s teaching with extra tuition. Teachers should not shirk their responsibilities towards their students. I am emphasizing this point because some teachers do not seem to feel the slightest obligation to do their job well nor the slightest feeling of guilt when their students
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Post tender negotiation simply means the negotiation that goes after the tender is submitted by the bidder and before awarding the contract‚ it can be regarding the price or other aspects as well. In most cases it is not permitted to negotiate after tenders‚ but many purchasing professionals debate on if post tender negotiations can be desirable (Sollish et al‚ 2011). The UK National Health System (NHS) does not permit post tender negotiations under the Official Journal of the European Community
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Shareholder and Stakeholder Over the last decade‚ with the rapid development of business management‚ the Shareholders who are the effective owners of the company invest money into the business and want as much profit as possible as a return for their investment. Shareholders will engage manager to help them to run the business and make various decisions in different aspects in order to maximize potential wealth. There seems to be no doubt that a manager has a legal responsibility to shareholders
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THE IMPORTANCE OF NEWSPAPERS IN THE EDUCATION OF THE YOUTH A newspaper may be described as a document which is printed and published regularly and consists of news reports‚ articles‚ photographs and advertisements which are on large sheets of paper folded together but not permanently joined. Newspapers may be published daily‚ weekly or every fortnight. Examples of newspapers are the DAILY GRAGHIC in Ghana and the WASHINGTON POST in the United States of America. Newspapers are very important in
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Your First Home – Preparing to Move In So‚ you’ve taken the plunge and you have purchased your first home. Let’s say you are a young couple possibly expecting your first child. You needed more space and wanted to get out of the cramped city apartment and into a neighborhood where other young couples with children reside. An area with good schools‚ convenient shopping and a short commute to work; every young couple’s dream. Somewhere along the way‚ reality set in and you have discovered that the
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OFFER AND ACCEPTANCE For a contract to be valid‚ firstly there must be an AGREEMENT between the parties i.e. one party must make an OFFER which is UNCONDITIONALLY ACCEPTED by the other. OFFER What is an offer ? An offer is a promise that the person making the offer (known as the offeror) is prepared to be legally bound upon specified terms – he is making a statement of the terms on which he is prepared to be legally bound‚ for example A says to B would you like
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