Appraisal Rights

JANUARY 15, 2021

For example, in 2017 case SWS , changes to SWS’s capital structure as the result of cancelling debt in exchange for equity were part of the “operative reality” because the exercise of the warrants and debt cancellation was a known element of value as of the Merger Date and was not conditioned or contingent on the merger.

Discounted Cash Flow 52

Discounted Cash Flow Capital Structure Appraisal Equity 52

Value Scope

AUGUST 31, 2020

It came out of Chapter 11 in 2017 with nearly $3 billion in new debt. The cash flows we isolate are tested for their ability to support debt, the new capital structure of the restructured firm. Note that Ultra Petroleum is listed. We wonder what natural gas price assumptions were used at that time when the plan was approved.

Capital Structure 130

Capital Structure Finance Marketability Compliance 130

Harvard Corporate Governance

JANUARY 11, 2024

In our experience, common financial adjustments that may be used by companies to determine incentive plan payouts include the following: ✓ Restructuring charges, including severance ✓ Impact of acquisitions and divestitures ✓ Legal settlements and related legal fees ✓ Gains / losses related to asset sales ✓ Product liability / warranty charges ✓ Acquisition (..)

Capital Structure 130

Capital Structure Finance 130

Cooley M&A

MAY 17, 2017

So far in the 2017 proxy season, ISS is almost universally recommending against all director elections at companies with a supermajority vote requirement to amend the company’s bylaws or charter, a classified board structure or a multi-class capital structure. in 2015 to 7.2%

Capital Structure 52

Capital Structure Start-ups 52

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.

Private Equity Firm 56

Private Equity Firm Capital Structure Equity Marketability 56

Andrew Stolz

APRIL 3, 2020

In the peak of the real estate bubble in 2017, Blackstone Group decided to buy Hilton for US$26 bn in a LBO transaction. Capital Structure of an LBO. There are many successful and unsuccessful LBO stories. Hilton Hotels case is believed to be one of the best LBO transactions of all time. It was the worst timing. References.

Private Equity Firm 52

Private Equity Firm EBITDA Equity Finance 52

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.

Capital Structure 219

Capital Structure Finance Marketability 219