Shearman & Sterling

MAY 16, 2016

645, 2015 (Del. Attencorough, No. May 6, 2016) (en banc). 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.

M&A 52

M&A Sale Mergers Investment 52

The TRADE

JANUARY 8, 2024

Previously, he served as global head of institutional sales at TP ICAP, and before that worked as head of sales EMEA and Asia Pacific at BGC Partners for two years. Prior to joining Jefferies, he spent just under a decade at Morgan Stanley as an executive director covering US equity sales in London and Scandinavia.

Asset Management 63

Asset Management Equities Sale Investment Manager 63

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.

M&A 59

M&A Negotiation Sale Investors 59

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.

Sale 52

Sale Negotiation M&A Mergers 52

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

AUGUST 21, 2018

Monster engaged Stone Key in April 2012 to assist in a "review of strategic alternatives," including a possible sale, and agreed to compensate Stone Key if it entered into certain transactions within 12 months of any termination of the engagement; Monster engaged another financial institution as a co-advisor. Monster Worldwide, Inc.,

Investment Banking 52

Investment Banking Banking Bank Investment 52

The TRADE

JULY 29, 2024

He joined Ninety One in 2013 as a client operations analyst, moving into a portfolio implementation role in 2015 and taking up his current role as fixed income trader in 2018. Prior to that, he worked at Morgan Stanley, initially joining as an electronic trading associate before going on to a role as equity sales trader.

Asset Management 63

Asset Management Equities Trading Sale 63

The TRADE

DECEMBER 11, 2023

Kepler Cheuvreux’s execution sales specialist Cherry Albon is set to join Berenberg next year, according to multiple sources familiar with the matter. Albon has been appointed associate director, senior sales for EMEA electronic trading and program trading, set to join the firm in February next year.

Trading 63

Trading Sale Electronics Financial Institution 63

The TRADE

JULY 10, 2023

RBC’s co-head of European electronic sales and trading, Bianca Gould, is set to leave the bank after almost three years, as part of streamlining measures. Gould joined RBC Capital Markets in October 2020 to co-lead its European low touch sales and trading business alongside Chris Parker, who has been in the role since 2011.

Sale 52

Sale Trading Electronics Equities 52

Shearman & Sterling

OCTOBER 17, 2016

2015), and dismissed the case. The Court reached this conclusion despite allegations of an egregiously flawed sales process that the Court described as "disquieting." Holdings, LLC, 125 A.3d 3d 304 (Del. " Read more

Mergers 52

Mergers Business Sale Management 52

Shearman & Sterling

MAY 16, 2016

645, 2015 (Del. Attencorough, No. May 6, 2016) (en banc). 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.

M&A 40

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.

Mergers and Acquisitions 52

Mergers and Acquisitions Sale Mergers Shares 52

Shearman & Sterling

DECEMBER 18, 2018

Slights III of the Delaware Court of Chancery denied a motion to dismiss breach of fiduciary duty claims against the former CEO of a technology company (the "Company") in connection with its take-private sale to a private equity firm. In re Xura, Inc. Stockholder Litigation, C.A. 12698-VCS (Del. LLC, 125 A.3d 3d 304 (Del.

Private Equity 52

Private Equity Sale Equities Shares 52

Shearman & Sterling

APRIL 9, 2019

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. Plaintiffs alleged that the company's founder, who held approximately 34% of the shares and controlled about 83.5% KKR Financial Holdings LLC, 125 A.3d

Mergers and Acquisitions 52

Mergers and Acquisitions Shares Sale Mergers 52

Shearman & Sterling

JANUARY 10, 2018

Plaintiff alleged that the Apollo transaction was preferred because West's CEO, directors, and financial advisor would receive greater compensation for a whole-company sale than a segmented sale. Importantly, the Court rejected West's argument that Corwin v. Holdings, LLC, 125 A.3d 3d 304 (Del.

Sale 40

Sale Acquisitions Corporation Management 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 Healthcare 59

Shearman & Sterling

AUGUST 21, 2018

Monster engaged Stone Key in April 2012 to assist in a "review of strategic alternatives," including a possible sale, and agreed to compensate Stone Key if it entered into certain transactions within 12 months of any termination of the engagement; Monster engaged another financial institution as a co-advisor. Monster Worldwide, Inc.,

Investment Banking 40

Investment Banking Banking Bank Investment 40

Shearman & Sterling

NOVEMBER 27, 2018

Plaintiffs alleged that defendants recommended an ill-advised and self-interested sale while a restatement of audited financials was pending and following the NASDAQ delisting of the Company. Defendants contended that they were entitled to business judgment rule deference under Corwin v. KKR Financial Holdings LLC, 125 A.3d 3d 304 (Del.

Acquisitions 52

Acquisitions Private Equity Sale Equities 52

Wall Street Mojo

JANUARY 17, 2024

The investing activities comprise the long-term asset purchase or sale. Add to it all the incoming cash from various sources like cash sale of goods or services, proceeds from the sale of assets or investments, the funds acquired by the issue of shares or through bank loans, etc. read more like salaries, taxes, etc.

Accountant 98

Accountant Finance Finance Profitability 98

Shearman & Sterling

SEPTEMBER 6, 2016

for breach of fiduciary duty against the company's directors and officers, which was also based on a sale of the company that had been overwhelmingly approved by the company's shareholders. Slights III of the Delaware Court of Chancery dismissed an action brought by former shareholders of Auspex Pharmaceuticals, Inc. 10918-VCS (Del.

Mergers 52

Mergers Pharmaceutical M&A Business 52

Shearman & Sterling

OCTOBER 17, 2016

2015), and dismissed the case. The Court reached this conclusion despite allegations of an egregiously flawed sales process that the Court described as "disquieting." Holdings, LLC, 125 A.3d 3d 304 (Del. " Read more

Mergers 40

Mergers Business Sale Management 40

The TRADE

NOVEMBER 6, 2023

Industry Person of the Year 2023 shortlist: Seema Arora, managing director, head of execution sales, Instinet Europe Champion of The TRADE’s Rising Stars of Trading and Execution award scheme, Instinet Europe’s Seema Arora needs little introduction with an extensive financial career spanning more than 25 years.

Trading 52

Trading Asset Management Equities Management 52

The TRADE

JULY 3, 2023

Earlier in his career he held equity sales and trading positions at Cantor Fitzgerald. Kirk first joined Liquidnet as an equity trader in February 2015 after also previously serving in a similar role at BTIG. He departed after spending the last two years as Liquidnet’s co-head of EMEA trading, according to an update on social media.

Trading 63

Trading Investment Banking Banking Bank 63

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

DECEMBER 18, 2018

Slights III of the Delaware Court of Chancery denied a motion to dismiss breach of fiduciary duty claims against the former CEO of a technology company (the "Company") in connection with its take-private sale to a private equity firm. In re Xura, Inc. Stockholder Litigation, C.A. 12698-VCS (Del. LLC, 125 A.3d 3d 304 (Del.

Private Equity 40

Private Equity Sale Equities Shares 40

Shearman & Sterling

APRIL 9, 2019

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. Plaintiffs alleged that the company's founder, who held approximately 34% of the shares and controlled about 83.5% KKR Financial Holdings LLC, 125 A.3d

Mergers and Acquisitions 40

Mergers and Acquisitions Shares Sale Mergers 40

Razorpay

SEPTEMBER 18, 2024

About Magic Needles Since 2015, Magic Needles has been a go-to destination for crochet and knitting enthusiasts, offering a wide range of yarn, hooks, needles, and hand-knit items like bags, scarves, and beanies. Today, Magic Needles is one of India’s leading providers of high-quality yarn and hand-knit goods.

Sale 52

Sale Management Securities 52

How2Exit

MAY 8, 2023

Concept 3: Maximize the Sale Price of Business When it comes to maximizing the sale price of a business, it is important to understand the process of business acquisitions and mergers. From 1999 to 2015, he worked on the company and developed it into a successful business.

Mergers and Acquisitions 130

Mergers and Acquisitions Profitability Mergers Business 130

Wizenius

APRIL 9, 2023

The formula for calculating the CCE ratio is: CCE Ratio = Net Sales / ((Beginning Working Capital + Ending Working Capital) / 2) where Net Sales represent the total revenue generated by the company during a specific period, and the working capital represents the difference between current assets and current liabilities.

Accountant 52

Accountant Capital Management Sale 52

How2Exit

MAY 20, 2024

Starting from childhood enterprises to careers in sales and a formal education in business school, Barnett has accumulated a wealth of experience that led him to own a business broker office for several years before venturing into banking.

Business 130

Business Book-building Equities Acquisitions 130

Shearman & Sterling

NOVEMBER 27, 2018

Plaintiffs alleged that defendants recommended an ill-advised and self-interested sale while a restatement of audited financials was pending and following the NASDAQ delisting of the Company. Defendants contended that they were entitled to business judgment rule deference under Corwin v. KKR Financial Holdings LLC, 125 A.3d 3d 304 (Del.

Acquisitions 40

Acquisitions Private Equity Sale Equities 40

Shearman & Sterling

SEPTEMBER 6, 2016

for breach of fiduciary duty against the company's directors and officers, which was also based on a sale of the company that had been overwhelmingly approved by the company's shareholders. Slights III of the Delaware Court of Chancery dismissed an action brought by former shareholders of Auspex Pharmaceuticals, Inc. 10918-VCS (Del.

Mergers 40

Mergers Pharmaceutical M&A Business 40

How2Exit

FEBRUARY 18, 2024

rn Transparency between sellers and Valsoft is crucial, from discussing post-sale intentions to involving key staff in the acquisition process. Valsoft Corporation, a Canadian software buyer, exemplifies this model, boasting over 90 successful acquisitions since its inception in 2015.

Acquisitions 130

Acquisitions Investment Mergers and Acquisitions Business 130

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.

Debt 52

Debt Middle Market Capital Profitability 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. Conclusion. 1] In Halpin v.

Mergers and Acquisitions 52

Mergers and Acquisitions Sale Shares Entertainment 52

Focus Investment Banking

JANUARY 18, 2024

Prior to the sale of the company to ABRA, now Caliber Collision, he was president and COO, operating 12 facilities encompassing two states, with sales exceeding $30 million. In May 2015, Keenan Auto Body hired FOCUS to represent it in its sale to ABRA. When the sale is done, it's real.

Sale 52

Sale Business M&A IT 52

Quest: Mergers & Acquisitions

JULY 2, 2019

As mentioned before, up to 50 percent of expected cost synergies are to come from IT integration like merging systems for joint sales motions, license and asset consolidation and cross-organization employee productivity. Just ask the Marriott CEO, Arne Sorenson.

M&A 52

M&A IT Mergers and Acquisitions Negotiation 52