11 Largest Leveraged Buyouts Of All Time
Benzinga
APRIL 27, 2022
A leveraged buyout is simply defined as the purchase of a controlling share in a company by its management using outside capital.
companies capital-bank-corp 
Top Financial Media Stories Friday, September 23: Apple Resolves iPhone 14 Pro Camera Glitch, Credit Suisse Shares Tumble As It Looks For Capital Infusion, Boeing Penalized $200M For Misleading About 737 MAX Safety And More.
Benzinga
SEPTEMBER 23, 2022
Troubled Credit Suisse Slides To 52-Week After Report On Raising Fresh Capital. Credit Suisse Group AG (NYSE: CS ) shares fell after reports that the company is looking to raise fresh capital. China Southern Airlines Places Order With Airbus For 40 Jets. The order is expected to be worth about $4.85
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Cravath, Willkie Lead $3.4B Texas Capital Insurance Biz Sale
Law 360 M&A
SEPTEMBER 6, 2022
Texas Capital Bancshares Inc. billion to bank holding company Truist Financial Corp., the companies said Tuesday, in a transaction led by respective legal advisers Cravath Swaine & Moore LLP and Willkie Farr & Gallagher LLP. has agreed to sell its insurance premium finance unit for roughly $3.4
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STIFEL TO ACQUIRE FINANCE 500 and CB RESOURCE
Benzinga
MARCH 14, 2024
LOUIS, March 14, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. CBR offers an advanced technology-enabled platform to deliver enterprise risk management, strategic planning, capital planning, and interactive performance-based analytics for community banks nationwide. "We Finance 500") and CB Resource, Inc. ("CBR").
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Revelstone Capital Acquisition Corp. Adjourns Special Meeting to Approve Business Combination with Set Jet
Benzinga
DECEMBER 29, 2023
If any such shareholders have questions or need assistance in connection with the Meeting, please contact the Company's proxy solicitor, Advantage Proxy, Inc, by calling 877-870-8565, or by emailing ksmith@advantageproxy.com. The Company's asset-light business model means it neither owns nor operates any aircraft.
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Revelstone Capital Acquisition Corp. Adjourns Special Meeting to Approve Business Combination with Set Jet
Benzinga
DECEMBER 27, 2023
If any such shareholders have questions or need assistance in connection with the Meeting, please contact the Company's proxy solicitor, Advantage Proxy, Inc, by calling 877-870-8565, or by emailing ksmith@advantageproxy.com. The Company's asset-light business model means it neither owns nor operates any aircraft.
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40 Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. announce Merger of Equals transaction, creating a community bank with assets in excess of $1.3 billion
Benzinga
FEBRUARY 23, 2023
billion and a combined market capitalization of approximately $130 million. The combined company will have 18 branches, with a retail and lending presence covering Wooster, Ohio to Wheeling, West Virginia with exposure to the major metropolitan areas of Cleveland, Akron, Canton, Youngstown, and Pittsburgh. as of February 22, 2023.
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Life Sciences-Focused Blank-Check Firm DMB Pulls $75M IPO
Law 360 M&A
SEPTEMBER 22, 2022
DMB Acquisition Corp., the third special purpose acquisition company formed by life sciences-focused investment bank LifeSci Capital LLC, withdrew plans Thursday for a $75 million initial public offering, marking the latest setback for the SPAC market.
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Middlefield Banc Corp. Announces Completion of Liberty Bancshares, Inc. Merger
Benzinga
DECEMBER 1, 2022
appointed as President of Middlefield Banc Corp. and The Middlefield Banking Company. 01, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. Liberty's former President and Chief Executive Officer, has assumed the role of President of Middlefield Banc Corp. and The Middlefield Banking Company.
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Newtek Business Services Corp. Completes Acquisition of National Bank of New York City
Benzinga
JANUARY 6, 2023
06, 2023 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. NBNYC has been renamed Newtek Bank, National Association ™ ("Newtek Bank, N.A.") and has become a wholly owned subsidiary of the Company. NBNYC has been renamed Newtek Bank, National Association ™ ("Newtek Bank, N.A.") BOCA RATON, Fla.,
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Apple's Upcoming VR Headset Marks Significant New Product Debut In Almost 10 Years, Regulators Want Tighter Capital Requirements For Large US Banks: Today's Top Stories
Benzinga
JUNE 5, 2023
Wall Street Journal Megabanks Beware: Regulatory Big Brother Wants a Tighter Leash Amid Recent Bank Failures U.S. regulators are reportedly gearing up to enforce stricter measures on large banks to enhance their financial stability following a series of failures among midsize banks earlier this year.
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Newtek Receives Approval From the OCC to Acquire National Bank of New York City
Benzinga
DECEMBER 1, 2022
01, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. NASDAQ: NEWT ) ("Newtek") today announced that it has received conditional approval from Office of the Comptroller of the Currency ("OCC") to complete its acquisition of the National Bank of New York City ("NBNYC" and the "Acquisition"). BOCA RATON, Fla.,
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Stifel to Acquire ACXIT Capital Partners
Benzinga
JUNE 7, 2022
LOUIS and FRANKFURT, Germany, June 07, 2022 (GLOBE NEWSWIRE) -- Stifel Financial Corp. NYSE: SF ) today announced it has signed a definitive agreement to acquire ACXIT Capital Partners, a leading independent corporate finance and financial advisory firm serving European middle-market clients and entrepreneurs.
HomeTrust Bancshares, Inc. Announces Completion of Merger with Quantum Capital Corp.
Benzinga
FEBRUARY 13, 2023
NASDAQ: HTBI ) ("HomeTrust"), the holding company of HomeTrust Bank, today announced that its merger with Quantum Capital Corp. ASHEVILLE, N.C., 13, 2023 (GLOBE NEWSWIRE) -- HomeTrust Bancshares, Inc. Quantum") was completed as of February 12, 2023. million (the "Transaction"). ."
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40 Middlefield Banc Corp. and Liberty Bancshares, Inc. Announce Merger
Benzinga
MAY 26, 2022
MIDDLEFIELD, Ohio and ADA, Ohio, May 26, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. Middlefield", or the "Company") (NASDAQ: MBCN ), the bank holding company for The Middlefield Banking Company, and Liberty Bancshares, Inc. In addition, Mr. Zimmerly will become President of Middlefield Banc Corp.
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Seaport Global Acquisition II Corp. and American Battery Materials Announce Definitive Business Combination Agreement to Create Nasdaq Listed Company
Benzinga
JUNE 2, 2023
June 02, 2023 (GLOBE NEWSWIRE) -- Seaport Global Acquisition II Corp. NASDAQ: SGII ) ("SGII"), a publicly-listed special purpose acquisition company, and American Battery Materials, Inc. NASDAQ: SGII ) ("SGII"), a publicly-listed special purpose acquisition company, and American Battery Materials, Inc.
Exela Technologies Inc.'s European business to go Public Through Merger with CF Acquisition Corp. VIII
Benzinga
OCTOBER 10, 2022
will indirectly own a majority of the new public company, named XBP Europe Holdings, Inc. NASDAQ: XELA , XELAP)) ("Exela") and CF Acquisition Corp. VIII (NASDAQ: CFFE ) ("CFFE"), a special purpose acquisition company sponsored by Cantor Fitzgerald, today announced that they have entered into a definitive merger agreement.
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Set Jet and Revelstone Capital Acquisition Corp. Receive Effectiveness of S-4 Registration Statement and Announce Date of Revelstone Special Meeting of Stockholders to Approve Proposed Business Combination
Benzinga
DECEMBER 14, 2023
~ Revelstone's Special Meeting to Approve Business Combination Scheduled for December 27, 2023 for Stockholders of Record as of November 10, 2023 ~ ~ Upon Closing, the Combined Company is Expected to Trade on Nasdaq Under the Ticker "SJET" ~ SCOTTSDALE, Ariz. Advisors Roth Capital Partners is acting as. and NEW YORK, Dec.
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LPL Financial Welcomes People's United to Its Institution Services Platform
Benzinga
APRIL 27, 2022
On April 1 M&T Bank closed its merger with People's United Bank. M&T Bank plans to onboard People's United Bank's retail advisory and brokerage business to LPL's platform in the second half of 2022. M&T Bank recently acquired People's United Bank; the deal closed April 1.
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Quantum FinTech Acquisition Corporation to Acquire AtlasClear
Benzinga
NOVEMBER 16, 2022
AtlasClear will operate through an acquisition of technology assets from Atlas Fintech Holdings Corp., and Craig Ridenhour, Chief Business Development Officer of Atlas FinTech Holdings Corp., will lead the combined company. AtlasClear"), Atlas Fintech Holdings Corp. Robert McBey, CEO of Wilson Davis & Co.,
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The Flowr Corporation Announces Close of Sale of Flowr Forest for $3.4M Completing Phase One of the Transformation Plan
Benzinga
AUGUST 15, 2022
FLWR, OTC: FLWPF ) (" Flowr " or the " Company ") announces the closing of the previously announced sale of the Flowr Forest property to an arm's length third party for aggregate proceeds of $3.4 The Company, now bank debt free, intends to the use the remaining proceeds for working capital. M shares in Akanda Corp.
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Stifel to Acquire Torreya Partners
Benzinga
DECEMBER 22, 2022
22, 2022 (GLOBE NEWSWIRE) -- Stifel Financial Corp. NYSE: SF ) today announced it has signed a definitive agreement to acquire Torreya Partners LLC ("Torreya"), a leading independent M&A and private capital advisory firm serving the global life sciences industry. LOUIS, Dec. Terms of the transaction were not disclosed.
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StoneMor Inc. Commences Go-Shop Process in Accordance with Merger Agreement
Benzinga
JUNE 3, 2022
(NYSE: STON ) (" StoneMor " or the " Company "). a Delaware corporation (" StoneMor " or the " Company "), Axar Cemetery Parent Corp (" Parent "), a Delaware corporation and an affiliate of Axar Capital Management, LP (" Axar "), and Axar Cemetery Merger Corp., Full story available on Benzinga.com.
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40 Jack Creek Investment Corp. and Bridger Aerospace Announce Registration Statement Effectiveness and Extraordinary General Meeting Date to Approve Business Combination
Benzinga
DECEMBER 20, 2022
aerial firefighting services company to offer industry-leading tactical expertise and proprietary technological capabilities to combat year-round environmental and economic crises associated with forest fires. Combined company to be listed on NASDAQ under ticker "BAER". 20, 2022 (GLOBE NEWSWIRE) -- Jack Creek Investment Corp.
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Liberty Resources Acquisition Corp. Announces the Establishment of the M&A Transition Taskforce to Further Support the Business Combination With Caspi Oil Gas LLP
Benzinga
MARCH 30, 2023
MIAMI, March 30, 2023 (GLOBE NEWSWIRE) -- Liberty Resources Acquisition Corp. Through a complex restructuring PubCo will become the resultant amalgamated parent company and is expected to continue a listing on the Nasdaq Stock Exchange ("NASDAQ"). He was also on the Board of ExxonMobil.
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Wallbridge Announces Successful Completion of Sale of Nickel Assets to Archer Exploration
Benzinga
NOVEMBER 18, 2022
18, 2022 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX: WM , OTCQX: WLBMF ) ( "Wallbridge" or the "Company" ) today announced that it has completed the previously-announced sale of all of the property, assets, rights, and obligations related to Wallbridge's portfolio of nickel assets (the "Transaction" ) to Archer Exploration Corp.
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Merger Arbitrage Mondays - U.S. Defense Contractor ManTech International To Be Acquired By Carlyle
Benzinga
MAY 23, 2022
We added ManTech as a potential deal on February 3, 2022, when Reuters reported that George Pedersen was exploring options for his controlling stake in the company. The investment bank has reached out to ManTech’s peers such as Parsons Corp and Leidos Holdings, as well as private equity firms, to gauge potential acquisition interest."
Zynerba Pharmaceuticals Stockholders Reminded to Tender Shares Before 5:00 PM New York City Time, on Tuesday October 10, 2023
Benzinga
SEPTEMBER 29, 2023
Fellow Zynerba Pharmaceuticals Stockholders, We urge you to promptly tender your shares in response to the pending tender offer (the "Offer") by Harmony and its wholly owned subsidiary, Xylophone Acquisition Corp. minimum price requirements of the Nasdaq Capital Market. Purchaser").
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How to spot accounting fraud
ThomsonReuters
JUNE 16, 2023
However, most cases of accounting fraud will not make news headlines and can happen in companies of all sizes and industries. A study on the pervasiveness of corporate fraud estimates that in an average year, 41 percent of companies are committing accounting violations, which are less severe than alleged securities fraud.
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93 Voxtur Closes Acquisition of Blue Water Financial Technologies and Announces Expansion of Credit Facilities and Private Placement
Benzinga
SEPTEMBER 22, 2022
22, 2022 (GLOBE NEWSWIRE) -- Voxtur Analytics Corp. RPC is managed by Rice Park Capital Management LP ("Rice Park"). TORONTO and TAMPA, Fla., The Acquisition has been approved by the TSX Venture Exchange ("TSXV"). Expansion of Credit Facilities.
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Summer Shorts: Equitable Contribution, Stock Redemption, and Other Recent Decisions of Interest
Farrel Fritz
JULY 31, 2023
The winding down of an architectural and engineering firm organized as an LLP initially went smoothly, with the three partners agreeing to complete existing jobs and collect receivables to pay off the firm’s bank loan which the three had personally guaranteed jointly and severally. 2023 NY Slip Op 03196 [1st Dept June 13, 2023].
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52 SEC Chair Speaks Before the Investment Company Institute
Reynolds Holding
MAY 25, 2023
Investment Company Act of 1940 There is a saying when you’re in the woods. It also helps explain why savers might try to cash out of deposits before that proverbial bear catches them at the bank. 21] Liquidity and dilution management has been a bedrock principle of open-end funds since the passing of the Investment Company Act.
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Let’s Stop Treating Crypto as If It Were Finance
Reynolds Holding
NOVEMBER 28, 2022
In advancing this view, Congress and the regulators appear to be following a path laid out by crypto companies seeking legitimacy through inclusion (on their own terms), in regulated finance. Banks allow savings to be pooled and turned into loans for fruit orchards, solar farms, automobiles, small business, and housing.
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Partners Bancorp Reports Results of Operations for the Third Quarter 2022
Benzinga
OCTOBER 31, 2022
31, 2022 (GLOBE NEWSWIRE) -- Partners Bancorp (NASDAQ: PTRS ) (the "Company"), the parent company of The Bank of Delmarva ("Delmarva"), Seaford, Delaware, and Virginia Partners Bank ("Virginia Partners"), Fredericksburg, Virginia, reported net income attributable to the Company of $4.1 SALISBURY, Md.,
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Davis Polk Discusses Recent SEC and CFTC Enforcement Actions
Reynolds Holding
OCTOBER 3, 2023
The actions include public company disclosure and crypto matters, among others. Actions initiated by the SEC and CFTC in July and August 2023 Number of actions, by matter type Public company disclosures Molecular diagnostic company settles misrepresentation claims related to COVID-19 testing products In the Matter of Co-Diagnostics (A.P.
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Eighth Circuit Holds A Reorganization Plan May Treat Creditors More Favorably in Exchange For “Valuable New Commitments” Without Violating Section 1123(a)(4)
ABI
JANUARY 16, 2020
12] Additionally, the court distinguished In re Peabody Energy Corp. from Bank of America Nat’l Trust & Savings Ass’n v. 12] Additionally, the court distinguished In re Peabody Energy Corp. from Bank of America Nat’l Trust & Savings Ass’n v. Peabody Energy Corp. (In In re Peabody Energy Corp.),
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40 Skadden Discusses Securities Class Actions in 2024
Reynolds Holding
JANUARY 31, 2024
30, 2023, for instance, special-purpose acquisition company-related suits had fallen 37% as compared to the same period in 2022. Plaintiffs instead are targeting companies that allegedly have failed to anticipate supply chain disruptions, persistent inflation, rising interest rates and other macroeconomic headwinds. Through Sept.
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45 Do Hostile Restructurings Mean a New Identity for the “Official Committee” in Bankruptcies?
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. 12] See In re Johns-Manville Corp. , 919 (Bankr.
Allied Gold Corp Limited, Allied Merger Corporation and Mondavi Ventures Ltd. Announce Binding Letter of Intent for Business Combination and Financing for Minimum Proceeds of US$300,000,000
Benzinga
MAY 11, 2023
In addition, if requested by Allied and AMC, Mondavi will continue the company from British Columbia to Ontario, adopt new by-laws and other corporate policies, increase the size of and reconstitute the board of directors and adopt new security-based compensation arrangements.
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Appraiser Newsroom - Untitled Article
Appraiser Newsroom
FEBRUARY 16, 2022
He has over 30 years of experience in investment banking and valuation, specializing in technology companies, rapidly-growing companies, closely-held businesses, professional practices, and intangible assets. Mr. Baker is also a representative of Independent Investment Bankers Corp., Maxime Charlebois, Ph.D. ,
Investment Banking in Singapore: The Best Gateway to Asia for the Non-Chinese?
Brian DeChesare
MAY 10, 2023
I’ve found that two main groups care about investment banking in Singapore : Students who are from Southeast Asia and are considering whether they want to work in Singapore, NY, London, or other places. As a result, many companies from nearby countries want to do deals there. If you’re in the first group, congrats!
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SEC Enforcement Chief Speaks on the Future of Combating Corporate Fraud
Reynolds Holding
APRIL 18, 2024
We experienced perfect storms of risk during the SPAC boom with frauds like the one that the SEC alleges was perpetrated by Trevor Milton and the EV company, Nikola. [6] Every day, we see companies attempting to not only develop AI capabilities, or harness it to improve their productivity and growth, but also to attract and retain investors.
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Derivative Standing and the Internal Affairs Doctrine
Farrel Fritz
JUNE 5, 2023
v Rudd ( AD3d , 2023 NY Slip Op 02936 [1st Dept June 1, 2023]) , involved a publicly-traded company, but the decision is of interest to any business divorce practitioner who represents entities incorporated outside of New York. Motors Corp. , Companies Act. Ezrasons, Inc. v CPF Acquisition Co.,
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52 SEC Chair Gensler Speaks on Crypto and the Securities Laws
Reynolds Holding
SEPTEMBER 9, 2022
The Securities Act of 1933 was about companies raising money from the public. Investors could decide which risks to take; companies that issued securities to the public were required to provide full, fair, and truthful disclosures to the public. Other issuers in our capital markets also deserve to compete on a fair playing field.
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