Inaugural Report on the Health of Democratic Capitalism

Harvard Corporate Governance

Posted by James Feinerman, Kelsey Harrison and Bruce Shaw (Georgetown), on Thursday, June 9, 2022 Editor's Note: James Feinerman is James and Catherine Denny Chair in Democratic Capitalism, Kelsey Harrison is Program Coordinator for the Denny Center for Democratic Capitalism, and Bruce Shaw is Executive Director of the Denny Center for Democratic Capitalism at Georgetown Law.

Freshfields Steers Frontline's $4B Merger With Euronav

Law 360 M&A

said Monday it has signed a stock merger deal with rival Euronav NV to create a global business that stores and transports oil tankers with a market capitalization of more than $4 billion Frontline Ltd.

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2022 Proxy Season Review: Rule 14a-8 Shareholder Proposals

Harvard Corporate Governance

market capitalization, at meetings held on or before June 30, 2022.

2022 Proxy Season Preview: Rule 14a-8 Shareholder Proposals

Harvard Corporate Governance

market capitalization, at meetings held on or before June 30, 2022.

BTCS Announces Bividend

Essentials of Corporate Finance

If you are not familiar with BTCS, the company has two full-time employees, a market capitalization of about $46 million, and hasn't shown a profit for the last four years. Blockchain technology company BTCS became the first Nasdaq-listed company to announce a " bividend."

What Boards Should Know About Digital Assets

Harvard Corporate Governance

The proliferation of digital assets has accelerated rapidly, generating a level of market interest sufficient to influence strategy at many major financial institutions and other corporations. Digital assets are disrupting the entire financial market, driving changes in the financial ecosystem. Cryptocurrencies roughly quadrupled in value from the end of 2020 to late 2021, when the market was worth more than $3 trillion. [1]

IT Services Cos. LTI, Mindtree To Merge In Nearly $18B Deal

Law 360 M&A

said Friday they are merging in a deal that gives the combined entity a market capitalization of nearly $18 billion and was guided by Indian law firms Cyril Amarchand Mangaldas and JSA IT services companies L&T Infotech and Mindtree, both part of Indian conglomerate Larsen & Toubro Ltd.,

The Proposed SEC Climate Disclosure Rule: A Comment from Shivaram Rajgopal

Harvard Corporate Governance

discussed on the Forum here ) and Stakeholder Capitalism in the Time of COVID (discussed on the Forum here ), both by Lucian Bebchuk, Kobi Kastiel, and Roberto Tallarita; Restoration: The Role Stakeholder Governance Must Play in Recreating a Fair and Sustainable American Economy—A Reply to Professor Rock (discussed on the Forum here ) by Leo E. Compliance costs are not a significant portion of market capitalization.

ESG Task Force Brings First Case

Harvard Corporate Governance

The collapse killed 270 people, caused immeasurable environmental and social harm, and led to a loss of more than $4 billion in Vale’s market capitalization.” debt markets. Following the collapse, the company’s market cap fell by over $4 billion, its NYSE-traded ADSs declined in value by over 25% and its corporate credit rating was downgraded to junk status. Posted by Cydney Posner, Cooley LLP, on Wednesday, May 18, 2022 Editor's Note: Cydney S.

This Investor Has The Right To Purchase Millions Of Tesla Shares For Pennies On The Dollar

Benzinga

A 12-tranche bonus structure depending on market cap was incorporated in the agreement, with each tranche split into $50-billion portions. Starting with $100 billion, each $50 billion in market capitalization unlocked the following tranche.

Time Running Out Under the HFCAA

Harvard Corporate Governance

exchanges had a total market capitalization of $1.4 capital markets play by our rules. Posted by Cydney Posner, Cooley LLP, on Saturday, June 18, 2022 Editor's Note: Cydney S. Posner is special counsel at Cooley LLP. This post is based on her Cooley memorandum. In December 2020, the Holding Foreign Companies Accountable Act , co-sponsored by Senators John Kennedy, a Republican from Louisiana, and Chris Van Hollen, a Democrat from Maryland, was signed into law.

Valuation of Microsoft Inc.

Valutico

Considering the results only marginally missed analysts’ expectations, Microsoft’s earnings seem fairly resilient in the current market. We arrived at a result that is well below the market capitalization of about USD 2.02 Microsoft Inc.

Valuation of Microsoft Inc.

Valutico

Considering the results only marginally missed analysts’ expectations, Microsoft’s earnings seem fairly resilient in the current market. We arrived at a result that is well below the market capitalization of about USD 2.02 Microsoft Inc.

Analyst 'Struggles to Find The Benefits' From JetBlue's Takeover Bid For Spirit

Benzinga

billion in market capitalization, $7.4 JetBlue Airways Corporation (NASDAQ: JBLU ) has made a $33 per share offer for Spirit Airlines Incorporated (NYSE: SAVE ), which equates to $3.7 billion in enterprise value and “a 7.3x

Poison Pills in a World of Activism and ESG

Reynolds Holding

The stock market decline following the outbreak of COVID-19 prompted a resurgence of pills, and with the recent Williams decision, the structure and strength of pills have changed in meaningful ways. Pill Trigger Thresholds Should Be Assessed Against Market Capitalization.

M&A Industry Trends: What sectors have the best-selling businesses?

Viking Mergers

Any time a new product or idea comes out, tech industry giants like Meta (formerly Facebook), Microsoft, and Google have the funds to perfect the idea or product and then bring it to market. Lastly, let’s discuss retail, another market sector where mergers and acquisitions are most common.

Weekly Valuations: Morrissons

Valutico

With the offer being just at the current market cap, could there be a case to support this claim and justify a higher valuation? Earlier this month British grocer Morrisons rejected a £5.5bn takeover bid by US Private Equity firm Clayton, Dubilier & Rice.

Insider Traders Have Found Their Way to Cryptocurrency Markets

Reynolds Holding

Securities and Exchange Commission (SEC) commenced the first ever lawsuit charging insider trading in cryptocurrency markets. As of July 2022, even after a sharp fall in valuations, the market capitalization of cryptocurrencies and digital tokens is over $1 trillion.

Sentient Brands Holdings Inc. Embarks on M&A Strategy

Benzinga

OTC Markets: SNBH) ("Sentient Brands" and the "Company") ( www.sentientbrands.com ), a next-level product and brand development company with a strategic mission to innovate cutting-edge products and services, today announced that it has launched a M&A strategy to identify high-margin, revenue generating businesses within above-average growth potential industry sectors, as potential acquisition targets. NEW YORK, Sept. 21, 2022 (GLOBE NEWSWIRE) -- Sentient Brands Holdings Inc.

Taglich Brothers Initiates Coverage of Permex Petroleum Corporation

Benzinga

The Company defines the microcap segment of the equity market as companies with less than $250 million in market capitalization. NEW YORK, June 09, 2022 (GLOBE NEWSWIRE) -- Taglich Brothers, Inc. announces it has initiated coverage of Permex Petroleum Corporation (OTC: OILCF ).

Elon Musks Takeover: Valutico Valuation of Twitter Inc

Valutico

Compared with the current market capitalization of around USD 36 billion and Elon Musk’s take-over offering of USD 44 billion, Twitter is trading comparatively expensively and could thus be considered to be overvalued. After Takeover News: Valutico Valuation of Twitter Inc.

Gibson Dunn Offers Annual Activism Update for 2021

Reynolds Holding

Suchlevels of activism are comparable to those found prior to the market disruption caused by the COVID-19 pandemic, as reflected in public activist actions in 2019 (76 vs. 75), activist investors taking actions (48 vs. 49), and companies targeted by such actions (69 vs. 64).

How SPACs Disable Indirect Investor Protection

Reynolds Holding

In standard public equity securities, even the most naïve investor is protected, first, by the market price – you pay only for what you get – and, second, by the comfort that nothing else is required of an individual investor to realize the full value of the security.

Elon Musks Takeover: Valutico Valuation of Twitter Inc

Valutico

Compared with the current market capitalization of around USD 36 billion and Elon Musk’s take-over offering of USD 44 billion, Twitter is trading comparatively expensively and could thus be considered to be overvalued. After Takeover News: Valutico Valuation of Twitter Inc.

PARAMETERS UPDATE P5.4

Equidam

Our multiples are based on public market conditions at the beginning of current year. Most of the parameters determining the discount rate have been updated to reflect the most recent market situation in terms of systemic and industry-specific risk.

5 Restaurant Stocks That Could Attract Merger Or Takeover Interest Amid Wendy's-Trian News

Benzinga

A transaction that includes Wendy’s would be one of the biggest in the restaurant industry in the past few years, with a current market capitalization of $3.5 A top fast food restaurant saw shares jump on rumors of a potential takeover by a leading investor.

Unpacking the SEC’s Climate-Related Disclosures: A Quick Tour of the Issues

Reynolds Holding

of market capitalization), and “accelerated filers” accounted for another 10% and nearly 1% of market capitalization on the same basis, thus totaling 41% of registrants filing an annual report and nearly 95% of market capitalization. [5]

ISS Discusses Five Non-U.S. Class Actions Investors Should Pay Attention To

Reynolds Holding

Litigation Funder: Court House Capital. The a2 Milk shareholder class action alleges the Company with breaches of the Financial Markets Conduct Act 2013 and Fair Trading Act 1986. Its large portfolio of more than 40 brands includes global, high-end brands such as Penfolds, Beringer, Stag’s Leap Winery, Wolf Blass and Beaulieu as well as more mass market labels like Blossom Hill and Lindeman’s.

Is Radiant Opto-Electronics an Undervalued Dividend Play?

Andrew Stolz

Highlights: End markets mature, no opportunities to grow. End markets mature, no opportunities to grow. ROEC’s revenue is mainly dependent on the growth of the end markets such as computers, phones, and tablets. Lack of investments translate into zero revenue growth.

Meme Investors and Retail Risk

Reynolds Holding

Dramatic trading in GameStop, AMC, and other “meme stocks” has reignited debates about the efficiency of the stock market, its purposes, and whose interests it should serve. In a recent article , I discuss the evolving role of retail investors in price discovery and the stock market.

Healthcare Realty Shareholders Approve Merger with Healthcare Trust of America

Benzinga

Citigroup Global Markets Inc. billion, defined as equity market capitalization plus. NASHVILLE, Tenn., July 15, 2022 (GLOBE NEWSWIRE) -- Healthcare Realty Trust Incorporated (NYSE: HR ) ("Healthcare Realty" or the "Company") today announced that its shareholders approved the merger proposal with Healthcare Trust of America, Inc. NYSE: HTA ) ("HTA") at its special meeting held on July 15, 2022.

Wachtell Lipton Discusses Stakeholder Capitalism and ESG as Tools for Value Creation

Reynolds Holding

Recent high profile investigations into greenwashing, the ongoing war in Ukraine and soaring energy costs have prompted questions as to the purpose and value of ESG, and more broadly, stakeholder capitalism. Some have criticized stakeholder capitalism and ESG as “woke” politics, a threat to shareholder interests and a distraction for boards and management. Others have questioned whether stakeholder capitalism and ESG can straddle “doing good” and “doing well.”

What Does It Mean to Be Financially World Class?

Andrew Stolz

The companies that constituted the universe were listed on any stock exchange during 2019-2021 and had a market capitalization of at least US$50m as of 29 May 2021.

StorageVault to Acquire 7 Storage Locations for $171.6 Million

Benzinga

a) (Fair Market Value Not More Than 25% of Market Capitalization) of MI 61-101. TORONTO, May 12, 2022 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (" StorageVault ") ( SVI-TSX ) has agreed to acquire 7 stores from seven vendor groups (collectively, the " Vendors ") for an aggregate purchase price of $171,600,000, subject to customary adjustments (the " Acquisitions ").

P10 Announces Agreement to Acquire Western Technology Investment, Market Leader in Venture Debt

Benzinga

NYSE: PX ) ("P10" or the "Company"), a leading private markets solutions provider, today announced it has entered into a Purchase and Sale Agreement to acquire through its subsidiary, P10 Intermediate Holdings LLC, all of the outstanding membership interests of Westech Investment Advisors LLC, a California limited liability company ("WTI") (the "Acquisition" or "Transaction"). We view WTI not only as an industry pioneer and market leader, but also the gold standard within venture debt.

American Pacific Mining to Acquire Constantine Metal Resources

Benzinga

Improved capital markets profile with increased market capitalization exceeding C$85 million and better positioned to attract additional institutional and high net-worth investors. Strong and experienced management team (APM was recently nominated for five awards at the S&P Global Platts Metals Awards) with demonstrated ability to raise capital and operate in the western USA. VANCOUVER, British Columbia, Aug.

Renewable Gasoline Company Bluescape Clean Fuels, LLC to Become Publicly Traded on NASDAQ via Business Combination with CENAQ Energy Corp. and be renamed Verde Clean Fuels, LLC

Benzinga

After CENAQ shareholder approval and closing of the transaction, the combined company is expected to have a pro forma enterprise value of $280 million and a pro forma implied market capitalization of $500 million assuming no redemptions by CENAQ shareholders. Bluescape Clean Fuels, LLC is positioned to be a leading supplier of gasoline derived from renewable feedstocks through the development of multiple facilities across the United States.

Skadden Discusses SEC’s Pay Versus Performance Disclosure Rules

Reynolds Holding

Peer group TSR will be weighted based on the initial market capitalization of each peer group company as of the beginning of the earliest year included in the table. On August 25, 2022, the U.S. Securities and Exchange Commission (SEC) adopted final rules requiring public companies to disclose the relationship between the executive compensation actually paid to the company’s named executive officers (NEOs) and the company’s financial performance.

Healthcare Realty Trust Issues Statement

Benzinga

The combined company will have unmatched market scale in concentrated clusters, meaningful corporate and operational synergies, a larger development pipeline, and a strengthened balance sheet with enhanced liquidity and improved access to capital. billion, defined as equity market capitalization plus the principal amount of debt less cash. NASHVILLE, Tenn.,

Will It Float?: The Legitimacy of the SEC’s Authority for Climate Risk Disclosures

Reynolds Holding

The resulting political vacuum has pulled the independent regulatory agencies into the fray; the SEC’s statutorily identified constituencies, e.g., investors, markets, capital-hungry issuers, etc.,

Lower 2021 thresholds announced for merger reviews under Competition Act and Investment Canada Act

Deal Law Wire

How enterprise value will be determined will depend on the nature of the transaction: Publicly traded entity (acquisition of shares): Market capitalization plus total liabilities (excluding operating liabilities), minus cash and cash equivalents. The threshold for certain pre-closing net benefit reviews under the Investment Canada Act (ICA) and the threshold for a pre-closing merger notification under the Competition Act have now both been released for 2021.

SEC Chair Gensler Speaks on Crypto Markets

Reynolds Holding

Today, you’ve invited me to talk about the roughly $2 trillion crypto markets. The dot-com bubble burst, though, created significant tremors in our markets. The SEC’s remit is overseeing the capital markets and our three-part mission: protecting investors, facilitating capital formation, and maintaining fair, orderly, and efficient markets. There’s no reason to treat the crypto market differently just because different technology is used.

Long-Term Focus: Preparing for Activism + Takeovers Amid COVID-19 Risks

Cooley M&A

Last week we cautioned that market volatility resulting from the COVID-19 pandemic could lead to increasing levels of shareholder activism and unsolicited takeover offers. Although the pandemic has raised countless new risks, companies remain vulnerable to activism attacks that focus on short-term objectives and opportunistic takeover bids stemming from the current dislocation in the markets. [1]