Shearman & Sterling

OCTOBER 17, 2016

. ("OM") arising from OM's cash-out merger with Apollo Global Management, LLC ("Apollo"). The conduct of directors in cash-out mergers is typically subject to enhanced scrutiny under Revlon. 2015), and dismissed the case. In re OM Group, Inc. S'holders Litig., 11216-VCS (Del. Holdings, LLC, 125 A.3d

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Mergers Business Sale Management 40

Cooley M&A

SEPTEMBER 1, 2017

A recent decision provides a helpful roadmap for directors and controlling stockholders (who also have fiduciary duties to the minority) when navigating sales of such companies where there are heightened litigation risks due to the presence of actual and perceived conflicts of interest. per share to $6.15

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Sale Negotiation M&A Mergers 52

Solganick & Co.

OCTOBER 28, 2022

Solganick served as the exclusive advisor to Orlando, FL-based Pandera Systems , LLC (“Pandera Systems” or “Pandera”) in its strategic merger with Chicago, IL-based 66degrees (“66degrees”), backed by growth-oriented private equity firm Sunstone Partners. Founded in 2015, the firm has over $1.7 said Kevin Curley, Pandera Systems CEO.

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Mergers IT Mergers and Acquisitions M&A 52

Shearman & Sterling

MAY 16, 2016

645, 2015 (Del. The decision has significant implications for (i) the effect of stockholder approval of a merger on the standard of review and (ii) investment banker conflicts. Attencorough, No. May 6, 2016) (en banc). Read More

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M&A Sale Mergers Investment 40

Shearman & Sterling

JULY 17, 2018

As discussed in our prior post on this case, the Court of Chancery dismissed claims that the sale process undertaken by TFM was a "sham" designed by TFM's founder to deliver the company into the hands of a favored suitor. Morrison v. 445, 2017 (Del. July 9, 2018). KKR Financial Holdings LLC, 125 A.3d 3d 304 (Del.

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Mergers and Acquisitions Sale Mergers Shares 52

Shearman & Sterling

APRIL 9, 2019

Capital, LLC in a tender offer followed by a merger. of the voting power, orchestrated a sale of the company at a discounted price to address a personal need for liquidity prompted by his retirement as the company's CEO at age 73. Narang, C.A. 2018-0221-AGB (Del. " Therefore, the Court applied Corwin v. 3d 304 (Del.

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Mergers and Acquisitions Shares Sale Mergers 52

Shearman & Sterling

SEPTEMBER 6, 2016

Bouchard of the Delaware Court of Chancery dismissed a shareholder action seeking post-merger damages for breach of fiduciary duty against the directors and officers of C&J Energy Services, Inc. On August 24, 2016, Chancellor Andre G. City of Miami General Employees and Sanitation Employees Retirement Trust v. Comstock Jr., 3d 304 (Del.

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Mergers Pharmaceutical M&A Business 40

The Deal

DECEMBER 19, 2023

Bomi Lee knew she wanted to specialize in M&A after working on two deals as a mid-level associate at Cravath, Swaine & Moore LLP in 2014 and 2015, she said on this week’s Drinks With The Deal podcast. “I ’s $7 billion sale of Veritas Technologies Corp. ’s $7 billion sale of Veritas Technologies Corp.

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M&A Negotiation Sale Investors 59

The Deal

AUGUST 10, 2023

(BERY) is holding discussions over what could amount to a $3 billion asset sale or spinoff, The Deal has learned. In the long term, Berry Global may also be considering other, smaller asset sales as well, a fifth industry source said. billion in sales for the 12-month period ended March 31, for about a 12.7% Evansville, Ind.-based

Sale 52

Sale Business Engineering Portfolio 52

Shearman & Sterling

JULY 17, 2018

As discussed in our prior post on this case, the Court of Chancery dismissed claims that the sale process undertaken by TFM was a "sham" designed by TFM's founder to deliver the company into the hands of a favored suitor. Morrison v. 445, 2017 (Del. July 9, 2018). KKR Financial Holdings LLC, 125 A.3d 3d 304 (Del.

Mergers and Acquisitions 40

Mergers and Acquisitions Sale Mergers Shares 40

Shearman & Sterling

APRIL 9, 2019

Capital, LLC in a tender offer followed by a merger. of the voting power, orchestrated a sale of the company at a discounted price to address a personal need for liquidity prompted by his retirement as the company's CEO at age 73. Narang, C.A. 2018-0221-AGB (Del. " Therefore, the Court applied Corwin v. 3d 304 (Del.

Mergers and Acquisitions 40

Mergers and Acquisitions Shares Sale Mergers 40

The Deal

SEPTEMBER 8, 2023

It could include, but is not limited to, a “sale, strategic partnership or joint venture, spinoff to shareholders or other separation transaction for some or all of the businesses within the business segment.” billion in sales for the 12-month period ended June 30, for about a 12.4% (BERY) announced Thursday, Sept. Evansville, Ind.-based

Business 59

Business Sale Engineering IT 59

How2Exit

FEBRUARY 18, 2024

Prior to joining Valsoft in 2018, Costa honed his skills in investment banking, focusing on the bond market before deciding to dive headfirst into the exciting world of software acquisitions and mergers.

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Acquisitions Investment Mergers and Acquisitions Business 130

The TRADE

DECEMBER 27, 2023

This came amidst a near-constant stream of mergers and acquisitions across both the sell- and buy-side this calendar year. Songca’s appointment comes after nine years with Ninety One, originally joining the asset manager in 2015. TD will continue to operate its own prime services business despite the Cowen spin-off 9.

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Acquisitions Trading Mergers and Acquisitions Capital Market 110

Quest: Mergers & Acquisitions

JULY 2, 2019

Mergers and acquisitions (M&As) are always a hush-hush thing, where only a select few in each organization are privy to the details and the negotiations. In 2015, Marriott announced the acquisition of Starwood Hotels would help them realize $200 million in annual cost synergies by leveraging back-office and operational efficiencies 1.

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M&A IT Mergers and Acquisitions Negotiation 52

Cooley M&A

JULY 9, 2021

In the Delaware appraisal decisions that have followed, the court has consistently found deal price (minus synergies) to be the most reliable indicator of fair value, so long as there was a sufficiently robust sales process that bore “objective indicia” of reliability. Pre-Payment of Appraisal Award Non-Refundable.

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Mergers and Acquisitions Sale Shares Entertainment 52

The Deal

JUNE 23, 2023

reported that Riverbed’s sales came to about $535 million for the 12 months ended Sept. billion in 2015. Vector acquired the company from lenders for an undisclosed sum in May. The San Francisco company does not disclose finances. However, Moody’s Investors Service Inc.

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Debt Middle Market Capital Profitability 52

Peak Frameworks

OCTOBER 30, 2023

Funding and Growth Potential Certain structures, like corporations , often find it easier to raise capital through stock sales. Flexibility: Consider growth plans, potential mergers, or acquisitions. a holding company, in 2015 is a prime example of structural change for strategic flexibility.

Business 52

Business Mergers and Acquisitions Corporation Profitability 52

Wall Street Mojo

JANUARY 4, 2024

Organic Growth : Organic growth involves expanding the company’s existing operations, increasing sales, and capturing a larger market share without merging or acquiring other businesses. Mergers and Acquisitions (M&A) : The merger and acquisition activities are crucial in empire building. The formation of Alphabet Inc.

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Mergers and Acquisitions Business Engineering Investment 52

Mergers and Inquisitions

JUNE 26, 2023

The main BIWS financial modeling course has been too long since about 2015, so I am finally taking this chance to fix it. People started complaining about the length, but sales were still increasing, and most students were still getting results by finishing smaller portions. complained that our courses were “too basic.”

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Financial Models Financial Modeling Private Equity M&A 59

Sica Fletcher

JULY 1, 2020

Update on Private Equity and Insurance Brokerages In our ,, previous article , we reported that the COVID-19 pandemic had not diminished the pace of mergers and acquisitions transactions we are seeing in the insurance agency and brokerage sector. Dry PE powder had almost doubled since the end of 2015, when it stood at $750 billion.

Private Equity 52

Private Equity Insurance Debt Equities 52

Cooley M&A

MARCH 2, 2021

According to Nasdaq , in 2015, SPACs made up approximately 12% of the IPO market, but by 2020, that number had risen to approximately 53%. Special purpose acquisition companies (SPACs) are on the rise. A SPAC is a publicly traded shell company with no underlying operating business that seeks to merge with a target operating company.

Securities 40

Securities IPO Mergers and Acquisitions Shares 40

Cooley M&A

AUGUST 11, 2020

In 2015, Towers Watson and Willis Group announced a “merger of equals.” Certain of Towers Watson’s stockholders were critical of the deal terms and opposed the merger, garnering support of proxy advisors ISS and Glass Lewis and making approval of the deal by Towers Watson’s stockholders unlikely. Case # 1 (Fort Myers v.

Negotiation 40

Negotiation M&A Corporation Stock 40

Cooley M&A

SEPTEMBER 16, 2022

The sale of a publicly traded company in the US will generally require the approval of the holders of a majority of the voting power of the company’s outstanding shares as a precondition to the sale’s completion. [5] Voting agreements in public M&A transactions. As always, ambiguity begets litigation.

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M&A IPO Shares Mergers and Acquisitions 59

Cooley M&A

MAY 5, 2020

The Company and the Acquiror entered into a definitive merger agreement on October 31 st. per share, and the eventual merger price of $3.68 2015) (“Corwin”) if the transaction is approved by a fully informed and un-coerced vote of a majority of the company’s disinterested stockholders. [4] 2013) (“Trados II”). [2] 3d 304 (Del.

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Negotiation Mergers and Acquisitions Utilities IT 40

Cleary M&A and Corporate Governance Watch

MAY 10, 2023

In each of Stroud and Williams , the alleged defensive measures were included in charter amendments that were put to a standalone vote, whereas in Santa Fe the challenged deal protections were part of a sale agreement where stockholders were only asked to approve the transaction as a whole. KKR Financial Holdings LLC , 125 A.3d 3d 304 (Del.

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Mergers and Acquisitions Stock IT Acquisitions 52

Mergers and Inquisitions

APRIL 10, 2024

3) Revenue Growth – Besides ticket and merchandise sales, sports teams can grow revenue with broadcast/licensing deals, partnerships, and newer routes like augmented reality (AR) / virtual reality (VR) experiences and e-gaming. The Top Sports Private Equity Firms The list of sports PE firms was short in 2015, but it has exploded over time.

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Private Equity Equities Funds Entertainment 103

The Deal

SEPTEMBER 7, 2023

HLLY), a supplier of automotive parts and nitrous oxide injection systems, public in 2021 following a hold dating back to 2015; Odyssey currently owns chemicals and equipment distributor Aramsco; and TJC formed automotive component platform Agility Global Technologies LLC in August 2019. Sentinel brought Holley Inc.

Private Equity 52

Private Equity Equities Capital Business 52

Cooley M&A

FEBRUARY 1, 2024

2023’s much-discussed downturn in mergers & acquisitions – with global M&A volume and value down 6% and 17%, respectively, from 2022 – was largely driven by the slowdown in the tech sector, with global tech M&A volumes down 51% year over year, while other sectors saw marked increases. [1]

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M&A Mergers and Acquisitions Private Equity Equities 59

Mergers and Inquisitions

MARCH 19, 2025

Modest CapEx Requirements If you look at Damodarans data on capital intensity by sector , certain verticals were below the average 4 5% Net CapEx / Sales reported by U.S. So, PE firms dont have much room to boost sales, cut costs, or do roll-ups because the industry is already quite concentrated.

Private Equity 59

Private Equity Retail Equities Mergers and Acquisitions 59

Cooley M&A

JANUARY 18, 2017

Uncertainty over how vigorous merger enforcement will be in the Trump Administration. The Obama Administration went out with a bang in 2016 on the merger enforcement front in potential reaction to criticism from the left that previous enforcement had been lax. Penn State Hershey.

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Mergers and Acquisitions Pharmaceutical Mergers Food 40