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Icahn-Illumina Contest: Board Accountability and the UPC

The Harvard Law School Forum

for $8 billion in cash and stock and Carl Icahn’s proxy contest to hold the board accountable provide a cautionary tale for directors who feel invincible, as well as lessons for shareholders seeking to hold boards accountable in light of the SEC’s new universal proxy regime. s acquisition of GRAIL, Inc.

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Here's more evidence that it's really hard to make money picking stocks

CNBC: Investing

Only a handful of stocks have accounted for the bulk of wealth creation in the stock market in the last 30 years.

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Anatomy of a Stock Purchase Agreement

The M&A Lawyer

Most private M&A transactions are structured as acquisitions of stock , rather than mergers or asset purchases. The principal agreement governing such a transaction is typically a Stock Purchase Agreement (SPA), sometimes styled a Securities Purchase Agreement or simply a Purchase Agreement. Article 2: The Transaction.

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KeyBanc says this chip stock may struggle as positive catalysts remain uncertain

CNBC: Investing

KeyBanc downgraded the stock to sector weight from overweight on account of the company's shares recently exceeding its previous price target of $468.

Stock 98
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Getaround aims to scale car-sharing platform with HyreCar acquisition

TechCrunch: M&A

Getaround’s stock soared 135% in after-hours trading on the news, reaching a high of $0.80. The combined company’s stock began trading at around $10 per share, but promptly plummeted. To date, Getaround’s stock has lost 96% of its value. million in cash and cash equivalents.

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Thales enters app security market with $3.6B Imperva acquisition

TechCrunch: M&A

billion, taking the San Mateo-based company private eight years after it had gone public on the New York Stock Exchange (NYSE). The news comes four years after private equity giant Thoma Bravo acquired Imperva for $2.1 Thales has expended considerable resources in recent years bolstering its cybersecurity offerings through acquisitions.

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EU committee gives green light for Euro derivatives clearing active accounts

The TRADE

A committee of European policymakers has, on Tuesday 28 November, voted in favour of the draft EU rules around active clearing accounts, aimed at encouraging more Euro clearing volumes away from the City of London and back to the Bloc. Proposed by the European Commission at the end of 2022, the new Emir 3.0