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billion BlackBerry paid to acquire the startup in 2018. Arctic Wolf has acquired Cylance, BlackBerry’s beleaguered cybersecurity business, for $160 million a significant discount from the $1.4
The Department of Defense assessed an average of about 40 defense-related mergers and acquisitions each year from 2018 to 2022, a small portion of the roughly 400 defense mergers estimated to occur annually, according to a report from the Government Accountability Office (GAO). By: Goodwin
Merger Litigation, C.A. 2018-0484-JTL, the Delaware Court of Chancery allocated liability among two sell-side officers and a third-party acquirer under the Delaware Uniform Contribution Among Tortfeasors Act (DUCATA). In In re Columbia Pipeline Group, Inc.
2018-0075-SG (Del. Cephalon, Inc., 30, 2024) - Stockholder representatives of an acquired corporation brought claims alleging that defendants had failed to use contractually-required commercially reasonable efforts to commercialize an acquired drug asset for a particular use. By: Morris James LLP
Merger Litig., 2018-0484-JTL (Del. In re Columbia Pipeline Grp. May 15, 2024) - In this post-trial decision, the Court addressed an acquirer’s responsibility for damages suffered by a stockholder class when the acquirer had been found liable for aiding and abetting breaches of fiduciary duties by certain of the target’s officers.
billion maximum value and USD2.6bn grant date fair value to Tesla CEO Elon Musk (the “2018 Grant”). Chancellor Kathleen McCormick of the Delaware Court of Chancery grappled with this question in a recent derivative lawsuit challenging Tesla’s performance-based equity award with a potential USD55.8 By: Allen & Overy LLP
883 (2018), that a debtor may itself qualify as a "financial institution" covered by the safe harbor by retaining a bank or trust company as an agent to handle payments, By: Jones Day Supreme Court suggested (but did not hold) in Merit Mgmt. FTI Consulting, Inc.,
First promulgated on December 29, 1993, the PRC Company Law has undergone two substantial updates during its 30 years of development, the previous one undertaken in October 2005, and four less substantial amendments, the latest of which was in 2018. By: Morrison & Foerster LLP
From 2017 to 2018, SCG “caused” U.S. If you need to find an example of this long reach, look no further than OFAC’s recent settlement with SCG Plastics (“SCG”), in which SCG, a Thailand company, which sells plastic resins, agreed to pay $20 million for violations of the Iran Sanctions Program. financial institutions to process $291.
Key takeaways are that: EU and Member State authorities imposed multiple material antitrust fines from 2018-2022, totalling approx. The European Commission (EC) has published its latest report on competition enforcement in medicines and medical products. EUR780 million. By: Allen & Overy LLP
trillion of M&A deals were announced last year—a ten-year low in aggregate annual value terms—while deal volume, with 36,640 announcements, sank to its lowest annual figure since 2018, when the figure stood at 34,130. Nearly US$3.2 By: White & Case LLP
mergers from 2018 to 2022 focused on the use of special synergy awards. Here’s my recent post on The Advisors’ Blog on CompensationStandards.com regarding M&A synergy awards: WTW’s Global Executive Compensation Analysis Team recently conducted a study of the 100 largest U.S.
Volume, meanwhile, sank to its lowest annual figure since 2018, with a total of 36,640 deals announced. Dealmakers are learning to navigate a stricter regulatory environment as UK and EU authorities take an increasingly interventionist stance Global dealmaking experienced a slowdown in 2023 as the market battled headwinds on several fronts.
Since 2018, licensing deals totaling over US$60 billion have been signed regarding ADCs, with 2023 alone having at least 18 deals. Over the past few years economic headwinds have resulted in fewer deals, with companies and private equity firms alike reassessing where to spend money.
That product is currently a part of the Corsair portfolio after it acquired the Elgato brand in 2018. The umbrella includes microphones like Yeti, formerly produced by Blue, which it acquired in 2018. Details of the transaction have not been disclosed, but the deal comes as Logitech looks to expand its appeal to creative pros.
Over an eight-year period ending in 2018, Murad, a U.S. cosmetics company, illegally exported goods and services to Iran in 62 separate transactions worth approximately $11 million. Murad was acquired by Unilever United States (“Unilever”) in 2015. Once discovered, Unilever voluntarily disclosed the conduct to OFAC.
For the past several years, CFIUS’s webpage only included two enforcement actions, one from 2018 and another in 2019. Among other updates, the webpage provides information about six CFIUS penalty actions from 2023 and 2024. By: Torres Trade Law, PLLC
Barclays tracked 147 activist campaigns globally in the H1 2024, surpassing the previous record of 143 set in the same period of 2018. Japan reported 38 campaigns, almost triple the 14 seen in. By: White & Case LLP
Specialty Networks, founded in 2018 and based in Cleveland, is an integrated, multi-specialty organization with group purchasing organizations, life sciences and research solutions in urology, gastroenterology and rheumatology. Linden Capital Partners has announced it will sell Specialty Networks to Cardinal Health for $1.2 billion in cash.
What’s on tap for 2018 M&A? One familiar technique used by sophisticated tech buyers is a holdback structure that subjects a portion of key employees’ merger consideration to revesting. See ABA Private Target Mergers & Acquisitions Deal Point Study for 2016-2017.
On August 10, 2018, Vice Chancellor Joseph R. Slights III of the Delaware Court of Chancery denied a motion to dismiss breach of contract claims stemming from a merger agreement pursuant to which defendant, Stora Enso AB, acquired non-party, Virdia, Inc. Fortis Advisors LLC v. Stora Enso Ab, C.A. 12291-VCS (Del.
NEW YORK, July 27, 2024 (GLOBE NEWSWIRE) -- NEW YORK, July 27, 2024 / GlobeNewswire/-- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.
Jason Button leads the Cisco Security and Trust Mergers and Acquisitions (M&A) organization. He was formerly the director of IT at Duo Security, a company Cisco acquired in 2018, making him uniquely… Read more on Cisco Blogs
On July 30, 2018, Vice Chancellor Tamika Montgomery-Reeves of the Delaware Court of Chancery partially granted a Section 220 demand for the books and records of Globalstar, Inc. 2018-0351-TMR (Del. July 30, 2018). July 30, 2018). brought by the company's largest minority stockholder, Mudrick Capital Management, L.P.
On May 25, 2018, Chancellor Andre G. Pepper") against the company and its directors asserting that the merger with Maple Parent Holdings Corp. ("Maple Parent"), the parent company of Keurig Green Mountain, Inc., 2018-0227-AGB (Del. June 1, 2018). deprived them of their statutory appraisal rights. Read more.
Although deal activity through the year appears slightly below the high-water marks for the corresponding period of 2022, deal activity is generally up from the first quarter of 2023, and reported volumes are nearly twice the levels seen in 2018 and 2020.
“Deals like the Whitehorse acquisition from 2018 were examples of Chesapeake expanding in areas in which they didn’t have a lot of previous assets.” The post Chesapeake, Southwestern Merger Signals Step for LNG appeared first on The Deal. 16, 2024, on The Deal’s premium subscription website.
NEW YORK, July 27, 2024 (GLOBE NEWSWIRE) -- NEW YORK, July 27, 2024 / GlobeNewswire/-- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.
's ("Radixx") selling stockholders, retained the ability to assert privilege over Radixx's pre-merger attorney-client communications in a post-closing litigation against the acquiring company, RSI Holdco, LLC ("Holdco"). 2018-0517-KSJM (Del. Shareholder Representative Services LLC v. RSI Holdco, LLC, C.A.
On August 10, 2018, Vice Chancellor Joseph R. Slights III of the Delaware Court of Chancery denied a motion to dismiss breach of contract claims stemming from a merger agreement pursuant to which defendant, Stora Enso AB, acquired non-party, Virdia, Inc. Fortis Advisors LLC v. Stora Enso Ab, C.A. 12291-VCS (Del.
's motion to dismiss an action for breach of a merger agreement brought by Genuine Parts Company ("GPC"). 2018-0730-JRS (Del. The claims arose after defendant terminated the two office supply companies' merger agreement in favor of an acquisition of defendant by a private equity firm. Genuine Parts Co.
NEW YORK, July 27, 2024 (GLOBE NEWSWIRE) -- NEW YORK, July 27, 2024 / GlobeNewswire/-- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. in cash per share they own.
2018-0540 (Del. Plaintiff's demand stemmed from a merger in which defendant, a real estate company, was acquired by Brookfield Property Partners L.P., Plaintiff's demand stemmed from a merger in which defendant, a real estate company, was acquired by Brookfield Property Partners L.P., Kosinski v. 3d 635 (Del.
On August 17, 2018, Chancellor Andre G. As this went unnoticed until after the merger, the preferred stock was converted into common stock as if there had been no error. As this went unnoticed until after the merger, the preferred stock was converted into common stock as if there had been no error. 10477-CB (Del.
On August 17, 2018, Chancellor Andre G. As this went unnoticed until after the merger, the preferred stock was converted into common stock as if there had been no error. As this went unnoticed until after the merger, the preferred stock was converted into common stock as if there had been no error. 10477-CB (Del.
Corsair purchased Elgato’s gaming division back in 2018 and continues to release products with that branding. We are also excited to be able to offer specialized Corsair and Elgato products to the enthusiast community that Drop is engaged with.” Being a part of Corsair will help our team deliver more of what you love.
Valihura, the Supreme Court of Delaware reversed the Delaware Court of Chancery's dismissal of a stockholder lawsuit arising out of the merger between Towers Watson & Co. ("Towers") and Willis Group Holdings Public Limited Company ("Willis"). 2018-0132-KSJM (Del. City of Fort Myers Gen. ' Pension Fund v.
New York, July 27, 2024 (GLOBE NEWSWIRE) -- NEW YORK, July 27, 2024 / GlobeNewswire/-- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.
after it was acquired in a tender offer and cash-out merger by a private equity firm. 2018-0789-JRS (Del. The claims focused on Essendant's decision to terminate a merger agreement providing for a stock-for-stock merger with Genuine Parts Co. ("GPC") in favor of an all-cash deal offered by the private equity firm.
Bouchard of the Delaware Court of Chancery ruled that defendant Boston Scientific Corporation was not entitled to terminate its merger agreement with plaintiff Channel Medsystems, Inc. 2018-0673-AGB (Del. The Court thus granted specific performance and directed defendant to close the merger. Channel Medsystems, Inc.
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