Appraisal Rights
JANUARY 15, 2021
Some key questions asked and argued were: Of relevance to private company investors: what is the standard of review appropriate when there is no market evidence for an appraisal fight, and the Court is forced to decide between a ‘battle of the experts’?
Value Scope
AUGUST 31, 2020
The challenges and complexities of energy markets make reorganization plans hard to properly formulate. The challenge for counsel and financial advisors has to with the often-severe price volatility common to oil and gas markets. It came out of Chapter 11 in 2017 with nearly $3 billion in new debt. Simulation Models.
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Reynolds Holding
MAY 6, 2022
7] Neiman Marcus was no different – in 2017, it transferred its crown jewel asset into a subsidiary that would be out of reach of creditors if the company eventually filed for bankruptcy. [8] 18] Certain features of modern-day distressed capital structures exacerbate this problem. 295 (2012); see also Thomas C. 165 (2008). [16]
Andrew Stolz
APRIL 3, 2020
As per Macabacus (2018), the typical credit statistics can be (those can change with market conditions): Total Debt / EBITDA 4.5x -5.5. and 3% of the committed capital. The usual market practice is 2% of the committed capital. Exit Strategies.
Harvard Corporate Governance
MAY 2, 2022
When Google went public with a dual-class capital structure in which shares owned by the founders confer greater voting rights than shares issued to public investors, its cofounders, Larry Page and Sergey Brin, sent shareholders a letter promising to provide them with high-quality information about the company.
Reynolds Holding
APRIL 28, 2022
I cannot emphasize enough how important discussions such as today’s are – thinking through some of the most pressing questions in our markets. But nothing takes place in a vacuum, and the meteoric rise in SPACs and the Commission’s proposed rulemaking must be considered in the context of changes in both the public and private markets.
Reynolds Holding
MAY 23, 2023
That’s why they passed the Securities Exchange Act of 1934, which covered intermediaries such as exchanges and broker-dealers as well as established our agency to oversee the securities markets. We’ve also seen significant innovations around money market funds and open-end funds.
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