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CBAK Talks Up Acquisition of Troubled Supplier, But Investors Unimpressed

Benzinga

• Filings show financials for the acquired company remain shaky, with its operations producing large cash deficits. Electric vehicle battery maker CBAK Energy Technology Inc. NASDAQ: CBAT ) is doing just that, trying to put a positive spin on a recent acquisition that seems more troublesome than helpful for the company.

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Business Sales in the Oil-and-Gas Industry: Insights from M&A Specialist Gary Papay

IBG Business

An expert in the marketing and sale of companies in the propane sector, Gary offered valuable insights in a November 2022 discussion about the state of the oil-and-gas market in the U.S. When heating oil companies go to market, the potential buyers appear to be mostly local or regional players.”. “To Who’s Buying?

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Cleary Gottlieb Discusses Delaware Decision on Conversion of Company into Nevada Corporation

Reynolds Holding

On February 20, the Delaware Court of Chancery refused to enjoin the conversion of a Delaware corporation, TripAdvisor, Inc. Maffei , stockholders of TripAdvisor challenged the proposed conversion by TripAdvisor and its parent company (“Holdings”) into Nevada corporations. Procedural Posture In Palkon v.

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Pleading Bad Faith Against Special Committee Members: A New Trend?

Cooley M&A

A well-functioning special committee will also mitigate the risk of personal liability for a company’s fiduciaries, reducing the likelihood of protracted post-closing litigation. Directors of Delaware public companies are typically exculpated for monetary liability for duty of care claims under their company’s charter.

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Skadden Discusses De-SPACed Companies Seeking Chapter 11 Protection

Reynolds Holding

The contraction of the market for special purpose acquisition companies (SPACs) and the recent challenges de-SPACed companies have encountered have attracted considerable press attention. Bankruptcy, though, is not necessarily the end of the road for a struggling de-SPACed company.

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Martha Stewart Decision Draws Roadmap for Controller Sales to Third Parties

Cooley M&A

However, there is not always a conflict when the controller stands on just one side of the table, as seller, and is receiving additional consideration that the other stockholders will not receive. In the case, former stockholders of Martha Stewart Living Omnimedia, Inc., per share to $6.15

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Commissioner Peirce Blasts SEC for Lack of Public Engagement

Reynolds Holding

3] SAB 121 directs public companies that safeguard crypto assets for clients to put a liability and corresponding asset on their balance sheet and adjust them as the value of the asset changes. She observed its “great energy” and “humble effort” as it “mov[ed] the grains of the hillside.” [15] 8] Reorganization Plan No. See [link]. [10]