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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
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
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. The product line could prove a nice pairing for Logitech’s 2019 acquisition of livestreaming software developer Streamlabs.
b' E188: Valsoft's Investment Partner Costa Tagalakis, Discusses Their Successful Acquisition Strategy - Watch Here rn rn About the Guest(s): rn Costa Tagalakis is an investment partner at Valsoft Corporation, a Canadian company specializing in the acquisition and operation of vertical market software businesses.
announced this morning its acquisition of Boxed.com and “other intellectual property portfolios and affiliates” in an all-cash transaction. MSG says it will continue to serve Boxed customers, vendors and brands following the acquisition. based regional distributor MSG Distributors, Inc. ”
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
“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.
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.
'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.
What’s on tap for 2018 M&A? No longer just “acquihires,” today’s innovation-driven acquisition is focused on talent retention. One familiar technique used by sophisticated tech buyers is a holdback structure that subjects a portion of key employees’ merger consideration to revesting.
Today, IBM made a big acquisition doubling down on the hybrid concept: it will pay $4.6 billion to take it private back in 2018. IBM said in its announcement that the acquisition is expected to close in the second half of 2023, pending regulatory and other approvals. The purchase makes a lot of sense for IBM.
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.
On August 17, 2018, Chancellor Andre G. Bouchard of the Delaware Court of Chancery denied all of plaintiffs' claims challenging a series of transactions culminating in the acquisition of defendant Design Within Reach, Inc. ("DWR") by Herman Miller, Inc. ("HM") in July 2014. 10477-CB (Del.
On August 17, 2018, Chancellor Andre G. Bouchard of the Delaware Court of Chancery denied all of plaintiffs' claims challenging a series of transactions culminating in the acquisition of defendant Design Within Reach, Inc. ("DWR") by Herman Miller, Inc. ("HM") in July 2014. 10477-CB (Del.
The Art of M&A® / Post-Merger Integration and Divestitures An excerpt from The Art of M&A, Fifth Edition: A Merger, Acquisition, and Buyout Guide by Alexandra Reed Lajoux COMMITMENTS to EMPLOYEES Why is it important to make and keep commitments to employees? How do pension funds respond to downsizing after mergers?
On August 31, 2020, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery dismissed breach of fiduciary duty claims asserted against the directors of USG Corporation by former stockholders following its acquisition by a privately held German manufacturer of building materials. 2018-0602-SG (Del.
of the total educational expenditures as of 2018, indicating $152 billion of EdTech expenditures, digital spend is expected to increase to a $342 billion scale, taking 4.4% billion in 2018 in the U.S., billion in 2018. billion of revenue in the fourth quarter of 2018 in the educational support segment, indicating a 0.9%
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.
'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.
This marks Socure’s first acquisition. Founded in 2018, Berbix focuses on verifying users’ identities by checking scanned IDs in real time. He also noted that Socure is in a good position to make an acquisition like this. Berbix previously raised a total of $11.6
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.
In 2018, the app suffered a major data breach affecting 21 million people. Sincere roadmap With the addition of Timehop in its roster combined with the VidHug (now Memento) acquisition in 2021 , Punchbowl wanted to create a brand to encapsulate its work around creating memories. Hence its rebranding to Sincere.
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.
On 24 July 2018, the UK government published details of its proposed new regime for the scrutiny of foreign investments that may have national security implications. The details are contained in the National Security and Investment White Paper and a draft Statutory Statement of Policy Intent (together, the “Proposals”).
On August 31, 2020, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery dismissed breach of fiduciary duty claims asserted against the directors of USG Corporation by former stockholders following its acquisition by a privately held German manufacturer of building materials. 2018-0602-SG (Del.
On July 30, 2018, Chancellor Andre Bouchard of the Delaware Court of Chancery determined that the deal price minus synergies was the best evidence of the fair value of Solera Holdings, Inc. ("Solera") in an appraisal action arising from the acquisition of Solera by Vista Equity Partners. July 30, 2018). 12080-CB (Del Ch.
Fresenius Kabi AG, Quercus Acquisition, Inc., 2018-0300-JTL (Del. Vice Chancellor Laster concluded that Akorn violated not only multiple representations and covenants in the merger agreement but also the general MAE provision, ruling that an MAE had occurred. KGaA ("Fresenius") properly terminated its $4.3 Akorn, Inc.
July 9, 2018). Morrison v. 445, 2017 (Del. 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.
On February 8, 2018, Justice Shirley Werner Kornreich of the New York Supreme Court denied a motion for final approval of a disclosure-only settlement in a class action suit brought by shareholders of Martin Marietta Materials, Inc. ("MMM") regarding its acquisition of Texas Industries, Inc. ("TXI").
The question of whether a merger and acquisition (M&A) or divestiture will hit your organization is settled. IT integration challenges in a M&A Yet IT teams face special challenges in achieving the technology integration required by a merger or acquisition. It will and I’ll explain below. Gartner, Inc.
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. As we all know, Marriott suffered a massive data breach because Starwood Hotels had already been compromised two years before the acquisition – and no one noticed.
As you recall from Part 1 of my mergers and acquisitions security series, I highlighted a few key security mistakes organizations make during an M&A IT integration. House report and you’ll quickly find that this perfect storm was created in large part due to their aggressive acquisition spree. billion – BILLION!
Mergers and Acquisitions require big bucks to make happen. more than $124 million for failing to protect customer data during and after its acquisition of Starwood Hotels (where the breach originated). Find more Pre-Legal Day One security pitfalls in this ebook: How Mergers and Acquisitions Impact Data Security.
For the better part of the last decade, physician practices have seen a wave of consolidation by hospitals and private equity with 2018 being no exception [1]. In fact, acquisitions by hospitals and private equity in provider services broke records last year according to Bain & Co’s 2019 global healthcare report. of GDP or $2.5
In 2018, Jumbo raised a $3.5 It also removed the paid subscription after realizing that it couldn’t become a sustainable business model over the long run. Jumbo floated the idea of offering a B2B version of its app and service, but that never materialized. million seed round led by Thrive Capital’s Josh Miller and Nextview Ventures’ Rob Go.
against its former directors for breach of fiduciary duty in connection with the company's acquisition by affiliates of H.I.G. Capital, LLC in a tender offer followed by a merger. 2018-0221-AGB (Del. Bouchard of the Delaware Court of Chancery dismissed class action claims asserted by former shareholders of NCI, Inc.
The Art of M&A® / Integration An excerpt from The Art of M&A, Fifth Edition: A Merger, Acquisition, and Buyout Guide by Alexandra Reed Lajoux Editor’s Note: A growing number of M&A professionals are pursuing the Certified M&A Specialist, or CMAS™ credential. United States of America: McGraw Hill, 2019, pp.
In 2018, the deal was treated with much scepticism, but Melrose can hardly be accused of slash-and-burn tactics To very little fanfare, London’s stock market on Thursday gained a £1.6bn engineering company that supplies 90% of the world’s vehicle manufacturers and is top dog in the specialised field of drive systems. Continue reading.
On July 30, 2018, Chancellor Andre Bouchard of the Delaware Court of Chancery determined that the deal price minus synergies was the best evidence of the fair value of Solera Holdings, Inc. ("Solera") in an appraisal action arising from the acquisition of Solera by Vista Equity Partners. July 30, 2018). 12080-CB (Del Ch.
Fresenius Kabi AG, Quercus Acquisition, Inc., 2018-0300-JTL (Del. Vice Chancellor Laster concluded that Akorn violated not only multiple representations and covenants in the merger agreement but also the general MAE provision, ruling that an MAE had occurred. KGaA ("Fresenius") properly terminated its $4.3 Akorn, Inc.
One specific area where these laws are frequently applied is in the context of merger and acquisition transactions. To prevent this from happening, governments often have laws in place that regulate mergers and acquisitions to ensure that they do not create or enhance a monopoly or otherwise harm competition.
M&A practitioners have long advised boards of directors that the Delaware courts have never found that the events or circumstances in a particular transaction met the contractual standard of having a material adverse effect (or MAE) as defined in a merger or acquisition agreement. 2018-0300-JTL (Del. The Merger Agreement.
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