Remove 2019 Remove Debt Financing Remove Marketability
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Pandemic-Related Deal Litigation Highlights Buyer Leverage in Transactions Requiring Debt Financing

Cooley M&A

The decisions from the court on those preliminary matters, as well as the arguments raised by legal counsel, offer some valuable lessons for sellers considering sale transactions that require debt financing, and may motivate sellers to re-evaluate certain provisions and remedies that have become customary in those transactions.

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Fed Rate Cut Fuels Acquisition Boom: Why Now Is the Time to Act

Scott Mashuda

This pivot from an inflation-focused stance to one prioritizing employment has opened up a world of opportunities, particularly in the lower middle market. This sentiment, coupled with the rate cuts, sets the stage for a potentially vibrant acquisition market.

Finance 83
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SEC Chair Speaks on Markets, Securities Laws, and the SEC

Reynolds Holding

I’d like to welcome you—the nearly 120 members of the “Class of 2024” attending the SEC’s International Institute on Securities Market Growth and Development. You’re investing in your own human capital, taking time out of your busy lives, and learning about our securities markets, U.S. Capital Markets First, the U.S.

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SEC Chair Testifies Before Senate Subcommittee on Financial Services

Reynolds Holding

After the 1929 market crash, President Franklin Roosevelt signed the first of the federal securities laws in 1933. The SEC was created to ensure that the markets worked free of fraud and manipulation—and that investment advisers carried their duties to the clients they advised. capital markets are the deepest, most liquid in the world.

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Social Distancing From a (Supposed) Life Partner: Early Lessons From Deals Terminated and On the Rocks in the COVID-19 Era

Cooley M&A

When markets enter into periods of extreme volatility and put stress on the buyer to complete the transaction, the MAE definition will be closely scrutinized by the merger parties to see if the buyer must close the deal. Parties have pursued a number of approaches, and it remains to be seen whether a consistent market practice will emerge.

Finance 40
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Delaware Puts the Conduct of Business Covenant on Center Stage in COVID-Related M&A Dispute

Cooley M&A

Under an agreement entered into in September 2019, a subsidiary of Anbang agreed to sell its membership interests in Strategic to Mirae Asset Financial Group, a Korean-based financial services conglomerate, for $5.8 billion, a portion of which was to be funded with third-party debt.

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The Corporate Tax Burden: Facts and Fiction

Musings on Markets

For instance, the 2017 US tax reform act, in addition to lowering the corporate tax rate, also changed the way that foreign income to US companies was taxed and put limits on the tax deductibility of debt. In a more telling statistic, the dollar value of taxes paid increased between 2017 and 2019 by 1.4% and the cash tax rate by 2.75%.