However it rejects any call for a single VAT rate across the EU, and references to a financial transaction tax were removed during committee stage.
Mr. Nemer says the Cole Credit special committee that approved the transaction, and rejected the rival bid, was comprised of the board's three independent directors who had been approved by shareholders.
The process of evaluating a proposal and negotiation of any transaction will be overseen by a Strategic Committee of three independent directors: David G.
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The Company does not intend to comment further regarding the evaluation of Mr. Riggio's proposal, unless and until definitive agreements for a transaction are entered into or the Strategic Committee determines to conclude the process.
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The transaction is subject to review by the U.S. Committee on Foreign Investment, which evaluates the potential national security effects of transactions.
Although Clearwire worked with DISH prior to the execution of the Sprint Agreement to improve the overall terms of that proposal, the Special Committee of the Clearwire Board determined that the Sprint transaction was, for a number of reasons, a more-attractive alternative for Clearwire's non-Sprint Class A stockholders than a transaction with DISH at that time and on the terms then-proposed by DISH.
In evaluating available alternatives, a special committee conducted a careful and rigorous process, and based on the committee's recommendation, our board unanimously determined that this transaction, which delivers certain and attractive value for our shareholders, is the best path forward.
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The Special Committee has not made any determination to change its recommendation of the current Sprint transaction.
Chirayudh Vasuratna, the head of the Senate committee on economics and industry, says he has seen documents relating to this particular transaction.
The transaction was unanimously approved by Clearwire's board of directors upon the unanimous recommendation of a special committee of the Clearwire board consisting of disinterested directors not appointed by Sprint.
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Given such considerations, the question occurs: How could even a stacked deck like the Committee on Foreign Investment in the United States find it possible to approve the Dubai Ports World's transaction?
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