A. If a special meeting of shareholders is required to be called pursuant to § 13.1-728.5, notice of the special meeting shall be given by the public corporation to all shareholders of record as of the record date set for the meeting, whether or not entitled to vote at the meeting.
B. Notice of the special or annual shareholders' meeting at which the voting rights are to be considered shall include or be accompanied by the following:
1. A copy of the control share acquisition statement delivered pursuant to this article; and
2. A statement by the board of directors of its position or recommendation, or that it is taking no position or making no recommendation, with respect to the granting of voting rights to shares acquired in the control share acquisition or the proposed control share acquisition.
1989, c. 14; 2005, c. 765; 2019, c. 734.
Notes of Decisions
WLR Foods, Inc. v. Tyson Foods, Inc., 861 F. Supp. 1277 (W.D. Va. 1994).
· cites it 2× “Furthermore, by requiring offerors to furnish target corporations with a control share acquisition statement, 7 which then must be mailed by the target corporation to shareholders, see Va.Code Ann. § 13.1-728.6(B)(1) (Michie 1993), the Control Share Act facilitates the free…”
Va. Code Ann. § 13.1-728.6(B)(1): 1 case
WLR Foods, Inc. v. Tyson Foods, Inc., 861 F. Supp. 1277 (W.D. Va. 1994).
“Furthermore, by requiring offerors to furnish target corporations with a control share acquisition statement, 7 which then must be mailed by the target corporation to shareholders, see Va.Code Ann. § 13.1-728.6(B)(1) (Michie 1993), the Control Share Act facilitates the free…”
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