Remove 2004 Remove Corporation Remove Negotiation
article thumbnail

Freestate Electric, LLC Acquired By Sojitz Energy Services LLC

Chesapeake Corporate Advisors

metropolitan area in its sale of 90% ownership to Sojitz Energy Services LLC (“Sojitz”), a subsidiary of the Japanese general trading company Sojitz Corporation. metropolitan area in its sale of 90% ownership to Sojitz Energy Services LLC (“Sojitz”), a subsidiary of the Japanese general trading company Sojitz Corporation.

article thumbnail

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]

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Transfer Traps: Considerations for Dual-Class Companies Contemplating M&A Transactions

Cooley M&A

We also have seen plaintiffs’ firms use voting agreements delivered by high-vote stockholders as a basis for Delaware General Corporation Law (DGCL) 220 books and records demands, which enables the plaintiffs to review the books and records of the subject company in an effort to uncover bases for additional, unrelated claims.

M&A 59
article thumbnail

President Biden’s Fiscal 2024 Proposed Budget Includes Tax Rate Increases, and Several Executive Compensation and Employee Benefits Changes

Cleary M&A and Corporate Governance Watch

However, we expect that there will be lots of negotiating over the fiscal 2024 budget, so one or more of these proposals may find their way into the final budget. We will publish updates as these proposals evolve. IRA Ownership of DISCs and FSCs. A violation of the foregoing prohibition would result in disqualification of the IRA (i.e.,