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In mergers and acquisitions, a mandatory offer, also called a mandatory bid in some jurisdictions, is an offer made by one company (the "acquiring company" or "bidder") to purchase some or all outstanding shares of another company (the "target"), as required by securities laws and regulations or stock exchange rules governing corporate takeovers.
Under California law, certain types of bills passed by the State Legislature and signed by the Governor must be submitted to the voters as a referendum at the next statewide election. Legislative bills that require mandatory referendums include state constitutional amendments, bond measures, [7] and amendments to previously approved voter ...
A tender offer is a proposal to buy shares of stock from the stockholders for cash or some type of corporate security of the acquiring company. Since the mid-1960s, cash tender offers for corporate takeovers have become favored over the traditional alternative, the proxy campaign. A proxy campaign is an attempt to obtain the votes of enough ...
Under the Ralph C. Dills Act, when the state presents a union with its last, best and final offer, the union can either take it all or leave it all — no more negotiating.
California Gov. Gavin Newsom is taking aim at 'predatory' land brokers looking for a quick buck at the expense of wildfire-ravaged neighborhoods. California governor bans 'predatory' land offers ...
In 2023, Farmers announced a moratorium on new policies in the Sunshine State, the 15th insurer to do so over an 18-month period, and State Farm, California’s biggest homeowners insurer, did the ...
Proposition 103, titled Insurance Rate Reduction and Reform Act, was a California ballot proposition voted on in the 1988 California General Election. It passed with 51% of the vote on November 8, 1988. [1] Proposition 103 expanded the regulatory capacities of the California Department of Insurance, especially in property and casualty insurance.
The following is a list of California ballot propositions broken down by decade. Propositions can be placed on the ballot either through the exercise of the initiative power by the voters or by a vote of the state legislature .