Navigation Links
Brandes Proposes 40 yen Per Share Dividend for Mitsui Sumitomo Insurance Group Holdings, Inc. Annual Meeting
Date:5/7/2009

SAN DIEGO, May 7 /PRNewswire/ -- Brandes Investment Partners, L.P. ("Brandes") today announced that, as of April 20th, 2009, it submitted to Mitsui Sumitomo Insurance Group Holdings, Inc. (the "Company"), an insurance company based in Japan and listed on the Tokyo Stock Exchange, a proposal for a resolution (the "Resolution") to be submitted for shareholder approval at the Company's upcoming annual meeting of shareholders. On behalf of its investment advisory clients, Brandes currently holds in excess of 8.0% of the Company's shares. This represents an ownership position built since 2003 which initially started with Mitsui Sumitomo Insurance Company, Limited shares that were then exchanged to Mitsui Sumitomo Insurance Group Holdings, Inc., shares in April 2008.

The Resolution calls for the Company to authorize a one-time dividend of 40 yen per share of common stock (including the interim dividend of 27 yen per share, the annual dividend, if approved, shall be 67 yen per share), payable by September 30, 2009. A copy of Brandes' letter to the Company and the Resolution are available at Brandes website: http://www.brandes.com/Inv/Pages/PressReviews.aspx.

Background

The Company has long publicly disclosed that it has substantial excess capital of at least 200 billion yen (please refer to the Company's 2008 Annual Report and 'Summary Q&A' of FY2008 Second Information Meeting on November 27, 2008 for latest disclosures). While the Company has historically stated that excess capital would be used for 'strategic investments,' no significant actions have been taken to reduce excess capital, and the Company has failed to implement any managerial policies or undertake
'/>"/>

SOURCE Brandes Investment Partners, L.P.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6

Related medicine news :

1. Brandes Proposes 130 yen per Share Dividend and 10 Million Share Buyback Program for Ono Pharmaceutical Annual Meeting
2. FDA Proposes New Rules for Sunscreens
3. Carnegie Mellon neuroscientist proposes new theory of brain flexibility
4. Lake Forest Hospital Proposes a New Health Care System in Lake County
5. California Stem Cell Agency Proposes Unjustified Increase in Top Salary Ranges
6. HRSA Proposes Rule to Revise, Combine HPSAs, MUPs
7. National Patient Safety Foundation Proposes Universal Patient Compact
8. CardioDynamics Board of Directors Proposes Reverse Split 1:7 of Companys Shares
9. Governor Rendell Proposes County Grants to Combat West Nile Virus, Protect Public Health
10. Navigenics Proposes Standards for Personal Genomics Services, Coupled With Prospective Outcomes Studies, to Safeguard Consumers
11. FDA Proposes New Drug Labels for Pregnant Women
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/19/2015)... has released a new blog post explaining what motorcycles ... plan . , Motorcycles can be difficult to ... auto insurance plans. Insurance brokers have gathered a list ... cheaper to insure. , The budget that a ... auto insurance plan that he/she will buy. When comparing ...
(Date:4/19/2015)... has released a new blog post explaining that ... family members. , Accidental death and dismemberment insurance ... in an accident. The policy will cover car accidents ... plan. However, AD&D insurance can also be an independent ... The newly blog post presents the advantages of owning ...
(Date:4/19/2015)... Fla. (PRWEB) April 19, 2015 The ... DO, MPH, MHCM, FACS, as the inaugural winner of ... at its annual meeting, April 18, in Las Vegas, ... Medical Group, vice chairman of the department of surgery ... and Medical Center in Hartford, Connecticut, was instrumental in ...
(Date:4/19/2015)... April 19, 2015 Broccoli sprout extract ... in a small group of healthy human volunteers, the ... with UPMC CancerCenter , announced today at the ... Meeting in Philadelphia. , The promising results will ... will recruit participants at high risk for head and ...
(Date:4/19/2015)... Carinsurancehints.com has released a new blog post providing a ... insurance benefits . , Drivers who were involved in ... information for claiming auto insurance benefits. Exchanging insurance information is ... most of the damages. The newly released blog post explains ... , Drivers can compare online rates and find the best ...
Breaking Medicine News(10 mins):Health News:Buying Auto Insurance for Motorcycles - Models That Are Cheap to Cover! 2Health News:Accidental Death and Dismemberment Insurance Can Provide Financial Security! 2Health News:Dr. Scott Ellner named inaugural Roger Schenke Award winner 2Health News:Dr. Scott Ellner named inaugural Roger Schenke Award winner 3Health News:Preventing Cancer with Broccoli Sprout Extract 2Health News:Preventing Cancer with Broccoli Sprout Extract 3Health News:An Online Guide About Claiming Auto Insurance Benefits After an Accident 2
... properties of bacteria to form barrier against illness , , ... Polytechnic Institute say that have solved the mystery of ... study, published in the current issue of Colloids ... the thermodynamic properties of bacteria in the urinary tract ...
... National Institutes of Health has awarded $128 million to ... Jeffrey Krischer, PhD, to coordinate worldwide studies on the ... a seven-year award, supports Dr. Krischer,s coordination of the ... , The award adds to the $169 million received ...
... Masimo provides Aurora with technology and sensor standardization ... its facilities - creating efficiencies and cost savings, ... inventor,of Pulse CO-Oximetry and Measure-Through-Motion-and-Low-Perfusion Pulse,Oximetry, announced that ... Masimo SET pulse oximetry technology. The integrated health,care ...
... As tens of thousands of Americans,prepare to attend the ... injury or illness -- and how to deal with ... adequate, appropriate medical care in foreign lands can be,daunting, ... themselves,peace of mind," said Angelo Masciantonio, CEO and co-founder ...
... 31 /Xinhua-PRNewswire/ -- Chindex International,Inc. (Nasdaq: CHDX ... products and services in the People,s Republic of ... fiscal 2009 first quarter,financial results on Thursday, August ... a conference call at 8:00 am ET that ...
... Feat could one day lead to tailor-made cells to treat ... -- Scientists have turned skin cells from patients with Lou ... the patients, own neurons. , An unlimited number of these ... a capability which should result in a better understanding of ...
Cached Medicine News:Health News:Study Explains How Cranberries Prevent Urinary Infections 2Health News:University of South Florida receives new multimillion award to assess juvenile diabetes treatments 2Health News:University of South Florida receives new multimillion award to assess juvenile diabetes treatments 3Health News:Aurora Health Care Completes System-Wide Conversion to Masimo SET Pulse Oximetry Technology 2Health News:Aurora Health Care Completes System-Wide Conversion to Masimo SET Pulse Oximetry Technology 3Health News:Aurora Health Care Completes System-Wide Conversion to Masimo SET Pulse Oximetry Technology 4Health News:Aurora Health Care Completes System-Wide Conversion to Masimo SET Pulse Oximetry Technology 5Health News:Americans Attending Beijing Olympics Should Plan Ahead for Medical Emergencies 2Health News:Chindex International to Report Fiscal 2009 First Quarter Financial Results 2Health News:Chindex International to Report Fiscal 2009 First Quarter Financial Results 3Health News:Scientists Turn Skin Cells Into Motor Neurons in ALS Patients 2Health News:Scientists Turn Skin Cells Into Motor Neurons in ALS Patients 3
(Date:4/16/2015)... April 16, 2015 Mallinckrodt plc (NYSE: ... today announced that it has completed its acquisition ... approximately $2.3 billion. The Ikaria acquisition extends Mallinckrodt,s ... reach into neonatal critical care with INOMAX ® ... for a highly vulnerable patient population. It also ...
(Date:4/16/2015)... Mich. , April 16, 2015  Diplomat Pharmacy, ... Shannon Beltrand to their senior leadership team ... will be responsible for securing and properly monitoring Diplomat,s ... secure both internally and externally. Additionally, she will play ... "We are very excited to have ...
(Date:4/16/2015)... YORK , April 16, 2015 An ... additional way to generate trimers from the major HIV ... could benefit future clinical development of HIV vaccine candidates ... the critical target on the surface of HIV for ... an important platform for AIDS vaccine discovery, says ...
Breaking Medicine Technology:Mallinckrodt Completes Acquisition Of Ikaria 2Mallinckrodt Completes Acquisition Of Ikaria 3Mallinckrodt Completes Acquisition Of Ikaria 4Mallinckrodt Completes Acquisition Of Ikaria 5Diplomat Names Shannon M. Beltrand as New CISO 2New Method Holds Promise for HIV Vaccine Development 2
Inquire...
The Spex SkinSkan is the only in-vivo, fibre-optic spectrofluorometer designed specifically for skin-fluorescence measurements. It is also ideal for many remote sensing steady-state fluorescence appl...
The unique RF-1501 optical design provides exceptional sensitivity in an incredibly compact instrument....
... of DNA, RNA, Or Fluorescent Tags. Accurate quantitation ... critical to life science research. The RF-Mini 150 ... quantities as small as 1ng/ml of DNA specific ... excitation and emission filters, the RF-Mini 150 can ...
Medicine Products: