AHMANSON POLL COUNTED CONSENTS TWICE, GW SAYS.Byline: Joseph A. Giannone Bloomberg Bloomberg
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Chatsworth-based Great Western Financial Corp. said H.F. Ahmanson & Co. double-counted more than 5 million votes in its referendum referendum, referral of proposed laws or constitutional amendments to the electorate for final approval. This direct form of legislation, along with the initiative, was known in Greece and other early democracies. of Great Western shareholders.
Ahmanson, which made a $6.01 billion hostile bid to take over Great Western on Feb. 17, solicited Great Western shareholders in a referendum to support proposals designed to force Great Western management to negotiate.
Great Western stiff-armed Ahmanson, choosing instead March 6 to be acquired by Washington Mutual “WaMu” redirects here. For the Washington, DC radio station, see WAMU.
Washington Mutual (or WaMu; NYSE: WM) is the United States' largest savings and loan association. for $5.7 billion.
Great Western said it will ask the Delaware Chancery Court The Chancery Court of York is an ecclesiastical court for the Province of York of the Church of England.
The presiding officer, the Official Principal and Auditor, has been the same person as the Dean of the Arches since the nineteenth century . to dismiss the referendum as invalid Null; void; without force or effect; lacking in authority.
For example, a will that has not been properly witnessed is invalid and unenforceable.
INVALID. In a physical sense, it is that which is wanting force; in a figurative sense, it signifies that which has no effect. . Ahmanson is using the vote to state that the majority of shareholders support some of its proposals, notably one requiring Great Western to have its annual shareholder meeting before May 6.
``Until we resolve this double-counting issue, we'll be skeptical of any count from Ahmanson,'' said Great Western spokesman Charlie Coleman.
Great Western said one of its biggest shareholders, which it didn't identify, told independent vote counters that its 5.21 million shares, filed electronically and by mail, had been counted twice.
Last week, Ahmanson said a majority of shareholders approved three of five proposals, including one to reschedule re·sched·ule
tr.v. re·sched·uled, re·sched·ul·ing, re·sched·ules
To schedule again or anew: rescheduled the meeting for the following week; rescheduled the debts of many developing nations. the Great Western annual shareholder meeting for May 6. Great Western had postponed the meeting, scheduling it for early June.
Later, Ahmanson also said a majority of shareholders supported a fourth proposal that would require Great Western to open its books and negotiate in good faith.