article thumbnail

DOJ and FTC Propose Comprehensive Overhaul of Merger Guidelines, Including Presumption against Horizontal Mergers that Result in Market Shares Above 30%

JD Supra: Mergers

The Revised Guidelines would replace the current Horizontal Merger Guidelines, which the Agencies adopted with broad bipartisan consensus in 2010, as well as the Vertical Merger Guidelines, which the Agencies. By: Foley & Lardner LLP

Mergers 130
article thumbnail

Moniepoint cleared to acquire Kenyan fintech Kopo Kopo

TechCrunch: M&A

The Competition Authority of Kenya has approved the proposed acquisition of 100% shares in Kopo Kopo Inc. The Competition Authority of Kenya has approved the proposed acquisition of 100% shares in Kopo Kopo Inc. Kopo Kopo was founded by in 2010 by Ben Lyon and Dylan Higgins, and has so far raised $5.4 by Moniepoint Inc.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Delaware Court Of Chancery Validates Ratification Of Defective Corporate Acts Impacting Merger And Declines To Expand Universe Of Claims Classified As Both Direct And Derivative

Shearman & Sterling

The claims related in large part to the documentation of a reverse stock split by DWR in 2010 that had the unintended effect of diluting the number of shares of common stock into which preferred stock could be converted by a factor of 50. Glenhill Advisors LLC, C.A. 10477-CB (Del.

Mergers 52
article thumbnail

Delaware Court Of Chancery Validates Ratification Of Defective Corporate Acts Impacting Merger And Declines To Expand Universe Of Claims Classified As Both Direct And Derivative

Shearman & Sterling

The claims related in large part to the documentation of a reverse stock split by DWR in 2010 that had the unintended effect of diluting the number of shares of common stock into which preferred stock could be converted by a factor of 50. Glenhill Advisors LLC, C.A. 10477-CB (Del.

Mergers 52
article thumbnail

Deal Diary: V&E, Davis Polk on Denbury Sale to Exxon

The Deal

The deal is Exxon’s largest acquisition of a public company since its 2010 purchase of XTO Energy Inc. ExxonMobil shares per Denbury share, consideration worth about $89.45 per Denbury share. ExxonMobil shares per Denbury share, consideration worth about $89.45 per Denbury share.

Sale 52
article thumbnail

Delaware Chancery Court Holds That Former Stockholders Lack Post-Merger Standing To Bring Mismanagement Claims

Shearman & Sterling

The plaintiffs, who were divested of their shares in connection with a merger of Massey while the litigation was pending, purported to assert two claims: (i) a breach of fiduciary duty derivative claim and (ii) "inseparable fraud," styled as a "direct" claim. 5430-CB (Del. May 4, 2017). Caiafa, 996 A.2d 2d 321, 322-32 (Del.

Mergers 52
article thumbnail

FOCUS Investment Banking Represents The LABRADOR Group in its acquisition of Argyle

Focus Investment Banking

Since 2010, LABRADOR has also developed a very successful subsidiary in the United States with customers such as Delta, Google/Alphabet, Caterpillar, Activision, Moderna. LABRADOR and Argyle, with 91 and 200 employees respectively, share the same DNA and the same vision of transparency: “Our mission is Transparency by design.