Proxy Update – State Street Global Advisors – Voting Guidelines

" State Street Global Advisors – Voting Guidelines Firmly Focused on the Long-Term  In late February, 2016, Ronald P. O’Hanley, President and CEO of State Street Global Advisors released a letter and guidelines for “Effective Independent Board Leadership”.  In his letter Mr. O’Hanley stresses the importance of long-term value creation and the perils of companies focusing …

Proxy Update – CalPERS Updates Voting Guidelines

"                                  CalPERS Updates Voting Guidelines                                  Director Tenure and Proxy Access are Most Significant Changes On March 14, 2016, CalPERS released its 2016 Global Governance …

Salesforce and Demandware

" Salesforce (NYSE: CRM), the world’s largest CRM company, and Demandware (NYSE: DWRE), the industry-leading provider of enterprise cloud commerce solutions, have entered into a definitive agreement under which Salesforce will acquire Demandware in a transaction worth approximately $2.8 billion (net of cash acquired). Under the terms of the agreement, Salesforce will commence a tender offer …

Pfizer Inc. and Anacor Pharmaceuticals, Inc. Merger

" Pfizer Inc. (NYSE:PFE) and Anacor Pharmaceuticals, Inc. (NASDAQ:ANAC) announced that they have entered into a definitive merger agreement under which Pfizer will acquire Anacor for $99.25 per Anacor share, in cash, for a total transaction value, net of cash, of approximately $5.2 billion, assuming the conversion of Anacor’s outstanding convertible notes. The Boards of Directors …