This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Preferred stock is a key financing instrument in the world of private equity (PE) and venture capital (VC), frequently used to balance the interests of investors and founders. By: DarrowEverett LLP
Corporate finance jobs at normal companies are bad … …if you’re using them to break into a deal-based field, such as investment banking , private equity , or venture capital , or as a “Plan B” if you interview around but do not get into one of these. In my view, corporate finance jobs are not ideal “stepping stone roles.”
Earlier this month, the IRS released Revenue Procedure 2024-24, which sets forth new requirements for requests for private letter rulings ("PLRs") on corporate spin-off and split-off transactions.
In prior bulletins from February 2023 and December 2022, we described a notice from the Internal Revenue Service (IRS) that outlined the rules that the IRS intended to issue with respect to the 1% stock buyback excise tax. This tax generally applies to the repurchase of stock of a public U.S. public corporation.
For an active business in the post-Tax Cuts and Jobs Act (TCJA) world of lower corporate tax rates, buyers and shareholders considering a future exit should always consider C corporations and the availability of potential “qualified small business stock” tax savings under Section 1202. By: Lippes Mathias LLP
(Bumble), which contemplated that each share of stock carried either one vote or 10 votes depending upon the identity of the holder, were valid and consistent with the Delaware General Corporation Law (DGCL).
On April 12, 2024, the Treasury Department and Internal Revenue Service (IRS) issued proposed Treasury Regulations (REG-115710-22) providing comprehensive guidance for applying the one-percent excise tax owed on corporatestock repurchasesoccurring on or after January 1, 2023 (Stock Buyback Excise Tax).
On April 9, 2024, the Department of the Treasury (“Treasury”) and the Internal Revenue Service (the “IRS”) issued two sets of proposed Treasury Regulations related to section 4501, REG-115710-22, which provides guidance on the application of section 4501, and REG-118499-23 (together with REG-115710-22, the “Proposed Regulations”), which provides guidance (..)
Owners or investors of certain C corporations (C corps) may be eligible to exclude up to 100 percent of gains from a sale of qualifying stock held for five years. If you own a small business, you may qualify for significant tax savings under section 1202 of the Internal Revenue Code of 1986, as amended (Section 1202).
April 15, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust”) (Nasdaq: WTFC) and Macatawa Bank Corporation (“Macatawa”) (Nasdaq: MCBC) today jointly announced that they have entered into a definitive merger agreement for Wintrust to acquire Macatawa in an all-stock transaction. ROSEMONT, Ill. and HOLLAND, Mich.,
Last week, Chromocell Therapeutics Corporation filed preliminary proxy materials that included a proposal to reincorporate in Nevada. The proposal also contemplates a simultaneous name change to “Channel Therapeutics Corporation”. The proposal also contemplates a simultaneous name change to “Channel Therapeutics Corporation”.
Section 220 of the DGCL gives stockholders the right to inspect “the corporations’ stock ledger, a list of its stockholders, and its other books and records” upon showing a proper purpose.
Akademos, the Delaware Chancery Court ruled that a cash-out merger that provided common shareholders in a privately held corporation, Akademos, Inc., In Jacobs v. with no value was nonetheless entirely fair. This decision demonstrates that under certain circumstances, a merger need not generate shareholder value to withstand legal challenges.
In the event of an M&A transaction, many stockholders plan to take advantage of the exclusion from federal taxable income of gain realized from the sale or exchange of “qualified small business stock” (QSB stock).
July 24, 2024 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB) (“ACNB” or the “Corporation”), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., GETTYSBURG, Pa., and Traditions Bancorp, Inc.
Section 1202 has gained popularity likely due to the significant decrease in the C corporation income tax rate enacted in 2017, in turn significantly reducing the cost of double taxation in such business structures. Search Funds should consider the availability of the tax benefits of Section 1202 in connection with their acquisitions.
Investors have been buying stocks after homing in on signals that the Fed’s campaign of raising interest rates is over. The S&P 500 crossed above its January 2022 peak after weeks of wavering.
SIX has launched a new automated software application, SIX Bot, aimed at providing clients an enhanced view of market movements through wider access to corporate actions data. The move comes on the back off surging client demand for insight into where corporates are moving and why.
First Connecticut Bancorp, a case involving allegations under Section 14(a) of the Exchange Act that defendant First Connecticut Bancorp and its directors misled shareholders before the bank’s stock-for-stock merger with People’s United Financial. By: McGuireWoods LLP
March 26, 2024 (GLOBE NEWSWIRE) -- First National Corporation (“First National”) (NASDAQ: FXNC) and Touchstone Bankshares, Inc. Touchstone”) (OTCPK: TSBA) announced today they have entered into a definitive merger agreement for First National to acquire Touchstone in an all-stock transaction. STRASBURG, Va. and PRINCE GEORGE, Va.,
15, 2023 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL) (“Battalion” or the “Company”) announced today that it had entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Fury Resources, Inc. Houston, Texas, Dec.
The parties may engage in an asset acquisition, in which the buyer purchases assets directly from the target corporation. There are two primary ways to structure the taxable purchase and sale of an incorporated business. By: Ward and Smith, P.A.
The proposed 2023 amendments to the Delaware General Corporation Law (DGCL) approved by the Delaware State Bar Association are intended to address a number of practical issues facing corporations and their counsel and to facilitate certain corporate actions. By: Skadden, Arps, Slate, Meagher & Flom LLP
As a result of the closing, Chase will no longer trade on the New York Stock Exchange. The post KKR completes take-private buyout of specialty chemicals company Chase Corporation appeared first on PE Hub.
Due diligence is a process and a review of financial information, tax and corporate documents in order to verify the validity of what the buyer and seller are sharing with one another as it relates to the acquisition of a company or controlling stock interest. By: Allen Barron, Inc.
13, 2023 (GLOBE NEWSWIRE) -- First Financial Corporation (NASDAQ: THFF) (“First Financial”) and SimplyBank. per share in cash for each share of SimplyBank’s common stock outstanding. TERRE HAUTE, Ind. and DAYTON, Tenn., First Financial will pay $718.38 The aggregate value of the transaction is $73.4 million.
Summary of: Asset Sale vs. Stock Sale: What Tech Founders Need to Know When a technology company enters M&A discussions, one of the earliest and most consequential decisions is whether the transaction will be structured as an asset sale or a stock sale. What Is a Stock Sale? Key Differences: Asset Sale vs. Stock Sale 1.
One of the issues under Delaware law that has generated some uncertainty over the years is the extent to which the DGCL permits a corporation to create a mechanism in which shares of the same class differ in their share-based voting power depending on who holds them. Vice Chancellor Laster’s recent decision in Colon v. […]
Takeover puts Chevron head-to-head with ExxonMobil in oil-rich Guyana and US shale industry Business live – latest updates Chevron has announced plans to buy the oil producer Hess Corporation in a $53bn (£44bn) deal, becoming the second American energy giant to place a vast bet on fossil fuel production this month.
Stocks are coming off a volatile week, with corporate earnings, inflation and questions surrounding the artificial intelligence trade dominating headlines.
01, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust”) (Nasdaq: WTFC) and Macatawa Bank Corporation (“Macatawa”) today jointly announced the completion of their previously announced merger whereby Wintrust acquired Macatawa in an all-stock transaction. ROSEMONT, Ill. and HOLLAND, Mich.,
Federal judges are weighing whether digital currencies should be subject to the same rules as stocks and bonds. The outcome could shape crypto’s future in the U.S.
FactSet has partnered with Wall Street’s first consolidated corporate bond quote system BondCliQ, to make its corporate bond pre-trade data available to FactSet users. In 2022, The London Stock Exchange Group (LSEG) led a buy-side backed Series A funding round into BondCliQ , in a bid to support its expansion into Europe.
29, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading provider of employment background screening, identity, and verification solutions, announced today that it has entered into a definitive purchase agreement to acquire Sterling Check Corp. ATLANTA and INDEPENDENCE, Ohio, Feb.
We organize all of the trending information in your field so you don't have to. Join 38,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content