article thumbnail

Jersey Company Law Series: Redemption of shares – which shares and how?

JD Supra: Mergers

The Companies (Jersey) Law 1991, as amended, (the "Law") gives Jersey companies a considerable degree of flexibility to fund the redemption of redeemable shares from any source, including capital. By: Walkers

Shares 161
article thumbnail

Activism: Director Can’t Share Confidential Information with Activist Hedge Fund

Deal Lawyers

1/24), the Chancery Court held that an activist nominee was not permitted to share privileged and confidential information received in his capacity as a director with the hedge fund that nominated him. In a recent letter ruling in Icahn Partners LP v. deSouza, (Del.

Funds 124
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Jersey Company Law Series: Buyback / Repurchase of own shares

JD Supra: Mergers

The Companies (Jersey) Law 1991, as amended, (the "Law") gives Jersey companies a considerable degree of flexibility to fund the purchase (buyback) of their own issued shares from any source, including capital. By: Walkers

Shares 130
article thumbnail

Explained: Tax implications of income earned from shares, mutual funds

Business Standard - FInance

The tax implications of income earned from shares, mutual funds and ETFs (Exchange Traded Funds) largely depend on the type of investment, the holding period and the amount of profit earned

Funds 98
article thumbnail

ETF Share Transactions Based on Nonpublic Information: An Illegal Secret Ingredient?

JD Supra: Mergers

Those with nonpublic information about a merger or acquisition involving a company appear to be profiting by trading in shares of exchange-traded funds based on indexes that include such companies’ shares, according to a recent study by Swedish and Australian researchers. By: Carlton Fields

Shares 161
article thumbnail

TELA Bio Announces Closing of Public Offering of Common Stock and Pre-Funded Warrants and Full Exercise of the Underwriters’ Option to Purchase Additional Shares

Global Newswire by Notified: M&A

All shares of common stock and pre-funded warrants were sold by TELA. All shares of common stock and pre-funded warrants were sold by TELA.

article thumbnail

Cathie Wood's Ark funds buy Reddit stock on first day of trading

CNBC: Investing

The total value of the combined stake of those funds is about $503 million, based on Reddit's closing price of $50.44 per share on Thursday.

Funds 130