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Stock Market & Financial Investment News

News Breaks
July 10, 2014
15:59 EDTREG, AMREJCP, Schechter call Regency offer for AmREIT 'deeply inadequate'
JCP Investment Management and Joshua Schechter, long-term shareholders in AmREIT (AMRE) with collective ownership of approximately 1.7%, announced that after review and consideration of the unsolicited proposal submitted today to the board of directors of AmREIT by Regency Centers(REG), in which Regency offers to acquire all of the outstanding shares of AmREIT for $22.00 per share in cash or stock, that JCP and Schechter have concluded that the Regency proposal is "deeply inadequate and significantly undervalues the company." JCP Investment and Schechter urge the board to immediately retain a nationally recognized investment bank and commence a process to explore and evaluate all strategic alternatives available, including a sale of the company with a goal of maximizing shareholder value.
News For AMRE;REG From The Last 14 Days
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July 20, 2015
08:42 EDTREGRegency Centers amends bylaws and employment agreements
Regency Centers announced that its board has amended some of the company's bylaws and employment agreements. The board, with the assistance of outside legal and compensation advisors, undertook a thorough review and determined to amend certain policies in accordance with current best practices. The changes include: implementation of a proxy access bylaw; adoption of an exclusive forum bylaw; irrevocably opting out of Florida’s control share acquisition statute without shareholder approval; establishing a 25% stock ownership threshold required to call a special shareholder meeting; amending the company’s bylaws to include a majority vote standard, such that director nominees can only be elected to the Board with the support of a majority of shares voted in an uncontested election, and; executing new employment agreements with its executive officers.

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