Deal Law Wire

FEBRUARY 12, 2021

This is down slightly from the 2019 transaction size threshold of C$96 million. How enterprise value will be determined will depend on the nature of the transaction: Publicly traded entity (acquisition of shares): Market capitalization plus total liabilities (excluding operating liabilities), minus cash and cash equivalents.

Investment 40

Investment Mergers Mergers and Acquisitions Investors 40

Tyton Partners

MARCH 28, 2024

In February 2019 Pearson divested its K-12 textbook business for $25 million in cash and a $225 million vendor note. Only McGraw-Hill retained its name, but it too had found itself subject to a split back in 2013, when it was sold out of publicly traded McGraw-Hill Companies to a private equity firm.

Sale 59

Sale Education Book-building Portfolio 59

Cooley M&A

JANUARY 22, 2021

Although global deal value was a subdued $966 billion in the first half of 2020 (down nearly 50% compared to the first half of 2019), momentum skyrocketed in the second half of the year to nearly $2.2 compared to 2019. compared to 2019, and up even higher (57%) when looking solely at US deal value. COVID-19: The New Normal.

M&A 40

M&A IPO Mergers and Acquisitions Business 40

Cooley M&A

MARCH 2, 2021

A SPAC is a publicly traded shell company with no underlying operating business that seeks to merge with a target operating company. The combined company benefits from the target’s operations and the liquidity of the SPAC’s publicly traded securities. What is a SPAC. Special purpose acquisition companies (SPACs) are on the rise.

Securities 40

Securities IPO Shares Mergers and Acquisitions 40

Cooley M&A

OCTOBER 29, 2020

which is unsurprising considering that the vast majority of SPACs that have announced business combinations are trading above $10.00 Given that a SPAC is an alternative means to going public, a significant portion of the webinar was dedicated to discussing some of the key differences—and similarities—between a SPAC and a traditional IPO.

M&A 52

M&A IPO Valuation Mergers and Acquisitions 52

Transactional Delights

NOVEMBER 24, 2020

Following the November 2019 signing, covid hit and LVMH announced that it would not be able to close the deal by the agreement’s drop-dead date of November 24, 2020 [2] after the French Government sent a letter [3] to LVMH directing it to pause the deal until 2021. On Friday, October 25, the day before the leak TIF was trading at $98.55.

M&A 40

M&A Mergers and Acquisitions IT Shares 40

Cooley M&A

JULY 9, 2021

In a string of seminal decisions from 2017 through 2019 ( DFC Global , Dell and Aruba ), the Delaware Supreme Court re-shaped appraisal jurisprudence, in each case by overturning the Court of Chancery for failing to give adequate weight to deal price as the most reliable indicator of fair value. took private in 2017 for $315/share.

Mergers and Acquisitions 52

Mergers and Acquisitions Sale Shares Entertainment 52

Cooley M&A

SEPTEMBER 16, 2022

In addition, currently public dual-class companies with transfer provisions that do not contain clear carve outs for the delivery of voting agreements in the M&A context should discuss with their advisers the possibility of adopting “clear day” amendments to their charters to include these carve outs. Vote-down termination fee (i.e.,

M&A 59

M&A IPO Shares Mergers and Acquisitions 59

Cooley M&A

JANUARY 20, 2022

Certain headwinds and other complicating factors, however, may have tamped down M&A activity in 2021, including: Antitrust regulators continuing to produce uncertainty, with the Federal Trade Commission announcing a number of key policy changes – the full impact of these policy changes on transactions remains to be seen. closing friction.

M&A 40

M&A Mergers and Acquisitions Pharmaceutical Mergers 40