TechCrunch: M&A

SEPTEMBER 20, 2023

The Helsinki, Finland-based startup Speechly was founded in 2016 with the […]

Mergers and Acquisitions 300

Mergers and Acquisitions Acquisitions Mergers 300

JD Supra: Mergers

AUGUST 3, 2023

By: K&L Gates LLP

Mergers 130

Mergers 130

JD Supra: Mergers

JULY 17, 2023

The amendments affect the Law of 2010 on UCIs, the Law of 2007 on SIFs, the Law of 2004 on SICARs, the Law of 2013 on AIFMs and the Law of 2016 on RAIFs. This new law aims to further increase the competitiveness of the Luxembourg fund centre. By: Hogan Lovells

Funds 130

Funds IT 130

JD Supra: Mergers

MAY 31, 2023

billion, a low not seen since Q2 2016. There were 483 transactions in Q1 2023, up 13% on the previous quarter and remaining well above pre-pandemic levels. Value, however, continued to slump, falling by 31% quarter-on-quarter to US$22.2 By: White & Case LLP

M&A 155

M&A 155

Shearman & Sterling

MAY 9, 2016

On May 5, 2016, in In the Matter of Kenneth Cole Productions, Inc., 54, 2016 WL 2350133 (N.Y. May 5, 2016), the New York Court of Appeals adopted Delaware's standard of review of shareholder class actions challenging going-private mergers. Shareholder Litigation, No. Read More

Mergers 52

Mergers Business 52

Shearman & Sterling

OCTOBER 3, 2016

On September 27, 2016, the Third Circuit Court of Appeals reversed a District Court ruling and granted the preliminary restraining order sought by the Federal Trade Commission ("FTC") and the state of Pennsylvania to enjoin a merger of two state hospital systems pending administrative review by the FTC. 16-2365 (3d Cir.

Hospitality 52

Hospitality Mergers Medical Trading 52

JD Supra: Mergers

JULY 26, 2023

The Delaware Court of Chancery penned the latest chapter, on June 30, 2023, in a long-running dispute concerning TC Energy Corporation’s (“TransCanada”) July 2016 acquisition of Columbia Pipeline Group (“Columbia”), holding TransCanada liable for aiding and abetting breaches of fiduciary duty in Columbia’s sale process, and imposing damages upwards (..)

Sale 130

Sale Corporation Acquisitions 130

JD Supra: Mergers

JUNE 21, 2023

The Delaware Supreme Court recently affirmed the Delaware Court of Chancery’s 2022 post-trial decision that Tesla’s 2016 all-stock acquisition of SolarCity Corp. satisfied the entire fairness standard of review, and thus did not involve breaches of fiduciary duty. See In re Tesla Motors Stockholders’ Litigation, A.3d 6, 2023).

Acquisitions 130

Acquisitions Stock IT 130

Shearman & Sterling

JULY 11, 2016

On June 30, 2016, Vice Chancellor Tamika Montgomery-Reeves of the Delaware Court of Chancery dismissed a breach of fiduciary duty action brought by former shareholders of Volcano Corporation against the company's board of directors and financial advisor. CV 10485-VCMR, 2016 WL 3583704 (Del. June 30, 2016). June 30, 2016).

Mergers 52

Mergers Shares Business Corporation 52

The TRADE

AUGUST 1, 2024

Read more: Fireside Friday with… State Street Global Advisors’ Khursheda Fazylova His expertise includes equities, ETFs, merger arbitrage spreads, equity swaps, futures, options, and FX. Boston-based McKenna joined GMO in 2004 as a pricing analyst, and most recently worked in a multi-asset trading role for 15 years.

Equities 59

Equities Trading Accountant Mergers 59

Shearman & Sterling

MAY 9, 2016

On May 5, 2016, the New York Court of Appeals ruled that courts should apply the business judgment rule in shareholder lawsuits challenging going-private mergers, as long as shareholders were adequately protected—a decision that expressly follows the approach of the Delaware Supreme Court in its seminal case, Kahn et al. 3d 635 (Del.

Mergers 52

Mergers Business M&A IT 52

The New York Times: Mergers, Acquisitions and Dive

SEPTEMBER 12, 2023

Softbank’s chief executive, Masayoshi Son, believes the chip design company he bought in 2016 is poised to reap the fruits of the A.I. revolution.

Initial Public Offering 80

Initial Public Offering Mergers and Acquisitions Stock Corporation 80

Shearman & Sterling

JUNE 20, 2016

June 14, 2016), ECF No. Order, Federal Trade Comm'n v. Advocate Health Care Network, No. 15 C 11473 (N.D. The Order held that the FTC failed to show a likelihood that it would succeed on the merits of its antitrust claims. Read More

Hospitality 52

Hospitality Mergers Trading IT 52

Shearman & Sterling

OCTOBER 17, 2016

On October 12, 2016, Vice Chancellor Joseph R. Slights III of the Delaware Court of Chancery dismissed a putative shareholder class action alleging fiduciary breaches by the board of directors of OM Group, Inc. ("OM") arising from OM's cash-out merger with Apollo Global Management, LLC ("Apollo"). 11216-VCS (Del.

Mergers 52

Mergers Business Sale Management 52

How2Exit

NOVEMBER 27, 2023

With a background in accounting and finance, Michael has built his company through mergers and acquisitions, gaining valuable experience in the process. rn Summary: Michael Ly, CEO of Reconciled, shares his journey in the accounting industry and how he built his company through mergers and acquisitions.

Accountant 130

Accountant Mergers and Acquisitions Shares Acquisitions 130

Shearman & Sterling

MAY 9, 2016

On May 5, 2016, in In the Matter of Kenneth Cole Productions, Inc., 54, 2016 WL 2350133 (N.Y. May 5, 2016), the New York Court of Appeals adopted Delaware's standard of review of shareholder class actions challenging going-private mergers. Shareholder Litigation, No. Read More

Mergers 40

Mergers Business 40

Shearman & Sterling

OCTOBER 3, 2016

On September 27, 2016, the Third Circuit Court of Appeals reversed a District Court ruling and granted the preliminary restraining order sought by the Federal Trade Commission ("FTC") and the state of Pennsylvania to enjoin a merger of two state hospital systems pending administrative review by the FTC. 16-2365 (3d Cir.

Hospitality 40

Hospitality Mergers Medical Trading 40

Shearman & Sterling

NOVEMBER 14, 2016

On November 10, 2016, Chancellor Andre Bouchard of the Delaware Chancery Court granted the appraisal petition of former stockholders in Farmers & Merchants Bancorp of Western Pennsylvania, Inc. ("F&M"), awarding a "fair value" of $91.90 another community bank in western Pennsylvania. Dunmire et al. 10589-CB (Del.

Bank 52

Bank Banking Mergers Valuation 52

Shearman & Sterling

AUGUST 8, 2016

July 28, 2016). The Court applied the entire fairness standard to the merger because plaintiffs alleged that the Director Defendants usurped corporate opportunities and then caused Riverstone to enter into a merger with Greystar Real Estate Partners ("Greystar") to extinguish said claims (the "Usurpation Claims").

Mergers 52

Mergers Corporation Capital 52

Shearman & Sterling

JULY 11, 2016

On June 30, 2016, Vice Chancellor Tamika Montgomery-Reeves of the Delaware Court of Chancery dismissed a breach of fiduciary duty action brought by former shareholders of Volcano Corporation against the company's board of directors and financial advisor. CV 10485-VCMR, 2016 WL 3583704 (Del. June 30, 2016). June 30, 2016).

Mergers 40

Mergers Shares Business Corporation 40

Shearman & Sterling

MAY 9, 2016

On May 5, 2016, the New York Court of Appeals ruled that courts should apply the business judgment rule in shareholder lawsuits challenging going-private mergers, as long as shareholders were adequately protected—a decision that expressly follows the approach of the Delaware Supreme Court in its seminal case, Kahn et al. 3d 635 (Del.

Mergers 40

Mergers Business M&A IT 40

Shearman & Sterling

JUNE 20, 2016

June 14, 2016), ECF No. Order, Federal Trade Comm'n v. Advocate Health Care Network, No. 15 C 11473 (N.D. The Order held that the FTC failed to show a likelihood that it would succeed on the merits of its antitrust claims. Read More

Hospitality 40

Hospitality Mergers Trading IT 40

Shearman & Sterling

JULY 18, 2017

2016), the Court held the merger was "cleanse[d]" because "the disinterested stockholders of Diamond were fully informed and uncoerced when they overwhelmingly accepted the tender offer." § 251(h). Berkman, C.A. 12844-VCMR (Del. July 13, 2017). Relying on Corwin v. KKR Financial Holdings LLC, 125 A.3d

Mergers 52

Mergers Mergers and Acquisitions Corporation Acquisitions 52

Shearman & Sterling

SEPTEMBER 6, 2016

On August 24, 2016, Chancellor Andre G. 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. August 24, 2016) ("C&J"). 25, 2016) ("Auspex"). Comstock Jr.,

Mergers 52

Mergers Pharmaceutical M&A Business 52

Shearman & Sterling

OCTOBER 17, 2016

On October 12, 2016, Vice Chancellor Joseph R. Slights III of the Delaware Court of Chancery dismissed a putative shareholder class action alleging fiduciary breaches by the board of directors of OM Group, Inc. ("OM") arising from OM's cash-out merger with Apollo Global Management, LLC ("Apollo"). 11216-VCS (Del.

Mergers 40

Mergers Business Sale Management 40

Shearman & Sterling

FEBRUARY 14, 2017

On February 9, 2017, the Supreme Court of the State of Delaware affirmed the dismissal of a breach of fiduciary duty action brought by former shareholders of Volcano Corporation in connection with the acquisition of Volcano in a two-step all-cash tender offer and merger pursuant to Delaware General Corporation Law Section 251(h). 3d 727 (Del.

Mergers 52

Mergers Mergers and Acquisitions Shares Business 52

Shearman & Sterling

NOVEMBER 14, 2016

On November 10, 2016, Chancellor Andre Bouchard of the Delaware Chancery Court granted the appraisal petition of former stockholders in Farmers & Merchants Bancorp of Western Pennsylvania, Inc. ("F&M"), awarding a "fair value" of $91.90 another community bank in western Pennsylvania. Dunmire et al. 10589-CB (Del.

Bank 40

Bank Banking Mergers Valuation 40

The Guardian: Mergers & Acquisitions

SEPTEMBER 14, 2023

The company, owned privately by Japanese investor SoftBank since 2016, priced its shares at $51 each and sold 95.5m shares, raising $4.87bn for Softbank. Continue reading.

IPO 72

IPO Initial Public Offering Shares Valuation 72

Shearman & Sterling

AUGUST 8, 2016

July 28, 2016). The Court applied the entire fairness standard to the merger because plaintiffs alleged that the Director Defendants usurped corporate opportunities and then caused Riverstone to enter into a merger with Greystar Real Estate Partners ("Greystar") to extinguish said claims (the "Usurpation Claims").

Mergers 40

Mergers Corporation Capital 40

TechCrunch: M&A

JULY 18, 2023

Loupedeck was founded in 2016 by former Nokia/Microsoft employees (hence Helsinki). Read into that what you will. The company launched a successful Indiegogo campaign that same year, for an Adobe Lightroom editing console that brought in $411,000 — nearly five times its initial goal.

Portfolio 230

Portfolio Acquisitions Manufacturing IT 230

Shearman & Sterling

NOVEMBER 7, 2017

. ("ISN") in an appraisal action brought by minority stockholders following the cash-out merger of ISN with its wholly-owned subsidiary, at the direction of its controlling stockholder. In re ISN Software Corp. Appraisal Litig., 8388-VCG (Del.

DCF 40

DCF Discounted Cash Flow Mergers IT 40

Shearman & Sterling

OCTOBER 3, 2016

On September 28, 2016, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery dismissed a shareholder challenge to the acquisition of Millennial Media, Inc. ("Millennial") by AOL Inc. ("AOL"). Barrett, C.A. 11511-VCG (Del.

Media 52

Media Mergers Acquisitions 52

Shearman & Sterling

JULY 18, 2017

2016), the Court held the merger was "cleanse[d]" because "the disinterested stockholders of Diamond were fully informed and uncoerced when they overwhelmingly accepted the tender offer." § 251(h). Berkman, C.A. 12844-VCMR (Del. July 13, 2017). Relying on Corwin v. KKR Financial Holdings LLC, 125 A.3d

Mergers 40

Mergers Mergers and Acquisitions Corporation Acquisitions 40

Shearman & Sterling

SEPTEMBER 6, 2016

On August 24, 2016, Chancellor Andre G. 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. August 24, 2016) ("C&J"). 25, 2016) ("Auspex"). Comstock Jr.,

Mergers 40

Mergers Pharmaceutical M&A Business 40

Shearman & Sterling

JULY 4, 2016

On June 24, 2016, Vice Chancellor Sam Glasscock III of the Delaware Chancery Court issued a memorandum opinion denying a request by plaintiff The Williams Companies Inc. ("Williams") to enjoin defendant Energy Transfer Equity L.P. ("ETE") from terminating its merger agreement with Williams. June 24, 2016).

Mergers 52

Mergers Equities IT 52

Shearman & Sterling

FEBRUARY 14, 2017

On February 9, 2017, the Supreme Court of the State of Delaware affirmed the dismissal of a breach of fiduciary duty action brought by former shareholders of Volcano Corporation in connection with the acquisition of Volcano in a two-step all-cash tender offer and merger pursuant to Delaware General Corporation Law Section 251(h). 3d 727 (Del.

Mergers 40

Mergers Mergers and Acquisitions Shares Business 40

Cooley M&A

DECEMBER 20, 2017

The trial court’s 2016 ruling, which found that a $25 billion management-led buyout undervalued the computer giant by about $7 billion, sent shock waves across the M&A landscape and emboldened some hedge funds to continue devoting significant time and resources to “appraisal arbitrage.”

Mergers 52

Mergers M&A Funds Sale 52