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Private Equity Buyer Permitted to Walk From Deal Based on Capitalization Representation Breach

Cleary M&A and Corporate Governance Watch

One claim was by Rafael Marquez who claimed an ownership interest in an OpticalTel subsidiary based on a 2004 Software Development Agreement. [5] One claim was by Rafael Marquez who claimed an ownership interest in an OpticalTel subsidiary based on a 2004 Software Development Agreement. [5]

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Delaware Supreme Court Overrules Gentile Carve-out, Holding An Improper Transfer Of Economic Value And Voting Power To A Controlling Stockholder Through An Equity Overpayment Is A Derivative Claim

Shearman & Sterling

The trial court found that the claims were nearly identical to corporate overpayment claims asserted by former stockholders and upheld as "direct"—rather than "derivative"—by the Delaware Supreme Court in Gentile v. 2004), and expressly overruled Gentile and its carve-out from Tooley. Rossette, 906 A.2d 2d 91 (Del.

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People Moves Monday: A string of senior banking appointments

The TRADE

Stuart Staley, who previously held the position, announced that he was set to leave the bank after almost 20 years this April, having joined in 2004. The Canadian Imperial Bank of Commerce (CIBC) made a new senior hire for its equity trading unit in London, according to two sources with knowledge of the matter.

Banking 52
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Delaware Supreme Court Overrules Gentile Carve-out, Holding An Improper Transfer Of Economic Value And Voting Power To A Controlling Stockholder Through An Equity Overpayment Is A Derivative Claim

Shearman & Sterling

The trial court found that the claims were nearly identical to corporate overpayment claims asserted by former stockholders and upheld as "direct"—rather than "derivative"—by the Delaware Supreme Court in Gentile v. 2004), and expressly overruled Gentile and its carve-out from Tooley. Rossette, 906 A.2d 2d 91 (Del.

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Citi reports double-digit Q2 decline in investment banking and markets revenue

The TRADE

Citi’s second quarter results have revealed a 13% decrease in markets revenues – following a strong Q2 last year – as both fixed income and equities saw a drop. Fixed income markets revenues were down 13%, while equity markets saw a 10% decrease – a reflection of the decline in equity derivatives, according to Citi.

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M&A Heats Up in the Bakery Market

Focus Investment Banking

bakery market has shown steady historical growth, with industry revenue rising roughly 4% annum from 2004 to 2022. General Mills acquired private equity-backed TNT Crust, a frozen pizza supplier, for $253 million. Many private equity firms have acquired bakeries and are pursuing companies to add to their platforms.

M&A 52
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Top UK angel networks for your start-up

Growth Business

By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success According to research from Beauhurst , the first quarter of 2022 was the top performing equity investment quarter on record, with £7.28bn invested into UK start-ups. VCs tend to use the money raised from various corporate investors into a strategically managed fund.