Remove 2018 Remove Corporation Remove Negotiation
article thumbnail

Delaware Supreme Court Affirms Court Of Chancery Appraisal Determination At Nearly 60% Discount To Deal Price

Shearman & Sterling

On April 23, 2018, the Supreme Court of Delaware affirmed a decision by Vice Chancellor J. Travis Laster of the Delaware Court of Chancery appraising the shares of Clearwire Corporation at $2.13 Sprint Corporation, et al. & Clearwire Corporation, C.A. per share, notwithstanding that Clearwire was acquired for $5.00

article thumbnail

It’s Not DE, It’s You: 55 Billion Reasons Tesla is Not ‘Your Company’

Cleary M&A and Corporate Governance Watch

This case voids the largest compensation package in corporate America, yet will likely prove exceptional for a number of reasons. Delaware issuers should take comfort that McCormick is not setting a new standard of corporate governance; she is holding one issuer accountable for woeful failures.

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 Supreme Court Affirms Court Of Chancery Appraisal Determination At Nearly 60% Discount To Deal Price

Shearman & Sterling

On April 23, 2018, the Supreme Court of Delaware affirmed a decision by Vice Chancellor J. Travis Laster of the Delaware Court of Chancery appraising the shares of Clearwire Corporation at $2.13 Sprint Corporation, et al. & Clearwire Corporation, C.A. per share, notwithstanding that Clearwire was acquired for $5.00

article thumbnail

Legal Considerations for Successful Exit Planning

Software Equity Group

Following many months of intense negotiation, if you are not prepared when the buyer or their advisor requests certain data or information, it can throw off the entire timeline. Missing or inadequate corporate governance documentation is a common risk for founder-led companies. Who Really Owns Your Company?

Sale 52
article thumbnail

Periculum Completes Senior Debt Placement for Morgan Foods, Inc.

Periculum Capital

As a long-term client of Periculum’s Corporate Development and Treasury Services offering, this is the second transaction Morgan has engaged Periculum to execute. Periculum also assisted Morgan with its acquisition of American Soy Products in 2018 and has worked with the Company on previous capital structure projects.

Debt 52
article thumbnail

Top 5 sectors attracting venture capital finance

Growth Business

By Tim Bird on Growth Business - Your gateway to entrepreneurial success It was a buoyant 2018 for venture capital investment into UK and European companies – a trend which defied broader concerns about international trade tensions, economic growth prospects and, of course, Brexit.

Finance 52
article thumbnail

Delaware Court Of Chancery Finds Implicit Consent To Jurisdiction By A Foreign Controlling Stockholder In Connection With The Adoption Of A Delaware Forum-Selection Bylaw At The Time Of An Interested Transaction

Shearman & Sterling

Travis Laster of the Delaware Court of Chancery declined to dismiss a derivative suit brought by minority stockholders of Pilgrim's Pride Corporation (the "Company") against the Company's controlling stockholder, JBS S.A. ("Parent"), and five of the Company's directors affiliated with Parent. 2018-0058 (Del.