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Delaware Court Upholds Private Equity-Led Company Sale Under Business Judgment Rule

Harvard Corporate Governance

Authentix or the Company) to private equity firm Blue Water Energy LLP (BWE) in September 2017. The Carlyle Group Inc. , in which he rejected plaintiffs claims of breach of fiduciary duty in connection with the sale of Authentix Acquisition Company, Inc. The plaintiffs, minority stockholders of Authentix, alleged that the Carlyle Group Inc.

Equity 113
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Beyond the Pendulum: Lessons from SEC’s Implementation of Staff Legal Bulletin 14M

Harvard Corporate Governance

SLB 14M represents a pendulum swing between administrations, shifting back to some interpretations prevalent between 2017 and 2020 and away from the guidance in effect from 2021 to 2024.

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Why Activist Investors Are Rooting for Donald Trump

Reynolds Holding

They credit Trump for the 2017 tax reform bill, which slashed corporate and capital gains taxes. [3] After Trump’s surprise victory, some expected the SEC to adopt these rules because in 2017 Trump appointed celebrity activist Carl Icahn as a special adviser on issues relating to regulatory reform.

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The One Big Beautiful Bill Act & M&A

Harvard Corporate Governance

The One Big Beautiful Bill Act (the “OBBBA”) was signed into law on Friday, and, while not the paradigm shift of 2017’s Tax Cuts and Jobs Act (the “TCJA”), it introduces important changes affecting both domestic and cross-border transactions, many of which are effective for tax years beginning after December 31, 2025.

EBIT 113
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SPACs, Multiplan, and the DExit That Wasn’t

Reynolds Holding

2017 WL 1437308 *26 (Del. 14, 2017). [2] The views expressed herein are his own and do not represent the views of Bridgeport Management Company, LLC, its affiliates, or its investment vehicles. ENDNOTES [1] Frederick Hsu Living Trust v. ODN Holding Corp. 2] See, e.g. , Lawrence A. Hamermesh, Jack B. Jacobs & Leo E. Strine, Jr.,

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Price vs Value (Part 2): The Financialisation of Startup Investing

Equidam

For example, the median 2017 vintage VC fund, eight years on, has a TVPI of 3.57× yet a DPI of only 0.29×. We Have Met the Enemy And He is Us For example, TVPI (Total Value to Paid-In) includes the market value of unrealized investments, whereas DPI (Distributions to Paid-In) tracks actual cash returned.

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Business Owner’s Guide: Preparing for Estate Tax Exemption Transitions

Scott Mashuda

The TCJA of 2017 reduced the U.S. Key Takeaways: M&A conditions favor sellers, with record private equity capital, active strategic buyers, and favorable interest rates following recent Fed cuts to 4.25-4.50%