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Morgan Stanley profit exceeds forecasts on dealmaking surge; shares jump to record

Global Banking & Finance

By Tatiana Bautzer, Manya Saini and Niket Nishant (Reuters) – Morgan Stanley’s profit surpassed estimates on a bumper third quarter for investment banking that had also buoyed rivals, sending its stock to a record.

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Btab Ecommerce Group Seeking to Acquire Other Businesses

Global Newswire by Notified: M&A

(OTC: BBTT) (the “Company”), today announced it plans to expand its operations and revenues by acquiring more companies with the goal of forming a larger corporation prior to pursuing an initial public offering and uplisting to a national stock exchange such as NASDAQ.

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Delaware Court Of Chancery Rejects Forum-Selection Charter Provision For Federal Securities Law Claims

Shearman & Sterling

The case involved three corporations that adopted federal forum-selection provisions for Securities Act claims in their respective certificates of incorporation prior to their initial public offerings. 2017-0931-JTL (Del.

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Considerations for Dual-Class Companies Contemplating M&A Transactions

The Harvard Law School Forum

Related research from the Program on Corporate Governance includes The Untenable Case for Perpetual Dual-Class Stock (discussed on the forum here ) and The Perils of Small-Minority Controllers (discussed on the Forum here ) both by Lucian Bebchuk and Kobi Kastiel. This post is based on a memorandum by Mr. Nussbaum, Mr. Roegge, Ms.

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Delaware Court Of Chancery Rejects Forum-Selection Charter Provision For Federal Securities Law Claims

Shearman & Sterling

The case involved three corporations that adopted federal forum-selection provisions for Securities Act claims in their respective certificates of incorporation prior to their initial public offerings. 2017-0931-JTL (Del.

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Cooley’s M&A Insights for Q3 2022

Cooley M&A

Some of the tax provisions contained in the legislation, including the 1% excise tax on certain stock buybacks, may impact special purpose acquisition companies (SPACs) at key points in their life cycle. Notable public deals. Lavoro to Become Publicly Traded Through Business Combination With TPB Acquisition Corporation I.

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Delaware Double Whammy Casts Doubt on M&A Practices

Cooley M&A

In this post, we dive into two cases that serve as a reminder that Delaware grounds review of corporate actions in statutory requirements and not market practice, no matter how prevalent. Board designation requirement Not facially invalid Valid because ultimate corporate action is subject to stockholder independent review.

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