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  • Sumner Redstone

    Viacom's board rejected an offer by Sumner Redstone's attorneys to have one of Viacom's independent directors meet face-to-face with the media mogul.

  • NEW YORK/ SAN FRANCISCO, June 27- Viacom Inc's board rejected an offer by Sumner Redstone's attorneys to have one of Viacom's independent directors meet face-to-face with the 93- year-old media mogul to get an understanding of his views on the media company, a spokesman for Redstone confirmed on Monday. Redstone offered to meet Viacom independent director...

  • NEW YORK/ SAN FRANCISCO, June 27- Viacom Inc's board rejected an offer by Sumner Redstone's attorneys to have one of Viacom's independent directors meet face-to-face with the 93- year-old media mogul to get an understanding of his views on the media company, a spokesman for Redstone confirmed Monday. Redstone offered to meet Viacom independent director...

  • NEW YORK, June 27- Williams Cos Inc shareholders voted on Monday for the pipeline company's agreed upon takeover by rival Energy Transfer Equity, while Williams appeals a court ruling that would allow ETE to walk away from the more than $20 billion deal. Williams is appealing a ruling in Delaware Court of Chancery on Friday that said Energy Transfer, or ETE, had not...

  • NEW YORK, June 27- Williams Cos Inc shareholders voted on Monday for the pipeline company's agreed upon takeover by rival Energy Transfer Equity, while Williams appeals a court ruling that would allow ETE to walk away from the more than $20 billion deal. Williams is appealing a ruling in Delaware's Supreme Court on Friday by Vice Chancellor Sam Glasscock, who...

  • NEW YORK/ WILMINGTON, Del., June 24- Energy Transfer Equity won a court ruling on Friday that would allow the pipeline operator to walk away from its more than $20 billion takeover of rival Williams Cos Inc, a deal that Energy Transfer agreed to in September but soured on in January. A Delaware judge ruled that Energy Transfer, or ETE, had not breached the merger...

  • NEW YORK/ WILMINGTON, Del., June 24- Energy Transfer Equity won a court ruling on Friday that would allow the pipeline operator to walk away from its more than $20 billion takeover of rival Williams Cos Inc, a deal Energy Transfer agreed to in September but soured on in January. A Delaware judge ruled that Energy Transfer, or ETE, had not breached the merger agreement...

  • WILMINGTON, Del., June 22- Viacom Inc's directors can stay in place, at least for now, as a Delaware judge said at a hearing on Wednesday that a legal fight over the media company's board may turn on the mental competence of 93- year-old controlling shareholder Sumner Redstone, which may take some time to resolve. Last week, Redstone and his National Amusements Inc...

  • WILMINGTON, Del., June 22- Viacom Inc's directors can stay in place, at least for now, as a Delaware judge said at a hearing on Wednesday that a legal fight over who should sit on the media company's board may turn on the mental competence of 93- year-old controlling shareholder Sumner Redstone. Last week, Redstone and his National Amusements Inc holding company...

  • GEORGETOWN, Del., June 21- The Delaware judge ruling on the dispute that could scuttle Energy Transfer Equity's takeover of rival pipeline company Williams Cos Inc said his decision could hinge on whether Energy Transfer's tax lawyers had been working in good faith. The company's units closed 17.4 percent higher at $14.32 after the judge's comments on Tuesday.

  • GEORGETOWN, Del., June 21- The Delaware judge ruling on the dispute that could scuttle Energy Transfer Equity's takeover of rival pipeline company Williams Cos Inc said his decision could hinge on whether Energy Transfer's tax lawyers had been working in good faith. "It's just whether Latham& Watkins made a good-faith decision on tax," said Vice Chancellor Sam...

  • June 21- Caesars Entertainment Corp said on Tuesday it had agreed with its senior creditors to amend a restructuring agreement that would allow it to go through with a bankruptcy exit plan for its operating unit. Debtors agreed to obtain an order from the U.S. Bankruptcy Court authorizing payment of $300 million in cash as soon as practicable to holders of...

  • GEORGETOWN, Del., June 20- Williams Cos Inc and Energy Transfer Equity LP sparred in court on Monday over a tax dispute that threatens to scuttle their $20 billion merger just one week before Williams shareholders vote on the deal to create one of the world's largest pipeline companies. Williams is asking a judge to force ETE to complete the takeover, alleging that...

  • GEORGETOWN, Del., June 20- A Williams Cos Inc board member testified she felt pressured by her own company to support a $20 billion merger with pipeline company Energy Transfer Equity LP, which ETE lawyers sought to depict as proof that Williams misrepresented its board's support for the deal. The two-day trial in Delaware's Court of Chancery before Vice...

  • WILMINGTON, Del., June 20- Dallas billionaire Kelcy Warren will head to court on Monday to defend against allegations his pipeline company, Energy Transfer Equity LP, has purposely tried to scuttle a proposed $20 billion deal for rival Williams Cos Inc.. Williams sued in May, accusing Warren, who maintains a tight grip on ETE as its chairman and chief executive, of...

  • June 17- Viacom Inc disclosed on Friday it would foot the bill for embattled Chief Executive Officer Philippe Dauman's legal fight against controlling shareholder Sumner Redstone, even as Wall Street cheers the executive's potential departure. The disconnect demonstrates the complicated corporate governance challenge Viacom's board is facing in the...

  • June 17- Viacom Inc disclosed on Friday it would foot the bill for embattled CEO Philippe Dauman's legal fight against controlling shareholder Sumner Redstone, even as Wall Street cheers the executive's potential departure. The disconnect demonstrates the complicated corporate governance challenge Viacom's board is facing in the battle for control of...

  • NEW YORK/ WILMINGTON, Del, June 17- A high-stakes trial will open on Monday to determine if Dallas billionaire Kelcy Warren's Energy Transfer Equity can back out of a $20 billion agreement to buy rival pipeline operator Williams Cos Inc.. ETE's share price has fallen about 45 percent since the deal was announced, raising the cost of financing the deal, which...

  • June 17- Embattled media giant Viacom Inc on Friday said its third-quarter earnings will fall short of Wall Street estimates, marking the first time since October 2008 that it has put out such guidance. The New York- based media company, which owns Paramount, Comedy Central and Nickelodeon, cited weak performance from its latest Teenage Mutant Ninja Turtle movie...

  • June 17- Embattled media giant Viacom Inc on Friday said its third-quarter earnings will fall short of Wall Street estimates, marking the first time since October 2008 that it has put out such guidance. The New York- based media company, which owns Paramount, Comedy Central and Nickelodeon, cited weak performance from its latest Teenage Mutant Ninja Turtle movie...