Harvard Corporate Governance

JULY 11, 2023

Posted by Leeor Ofer (Harvard Law School), on Tuesday, July 11, 2023 Editor's Note: This post provides the text of the complaint filed July 5, 2023, by X Corp. Plaintiff X Corp., and X Holdings II, Inc. against Wachtell, Lipton, Rosen & Katz. together, the “ Musk Parties” ).

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Law 360 M&A

FEBRUARY 21, 2024

the social media entity formerly known as Twitter, and a group of ex-employees have paused their dispute over severance compensation, as a Delaware federal court signed off Wednesday on a proposal to stay litigation deadlines pending settlement talks.

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Law 360 M&A

JANUARY 12, 2024

A growing body of case law, including a California state court's recent decision in X Corp.

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Law 360 M&A

OCTOBER 31, 2023

Nuclear energy firm X-Energy Reactor Co. LLC and special-purpose acquisition company Ares Acquisition Corp. mutually terminated their merger plans on Tuesday, joining a growing list of failed SPAC mergers amid tough market conditions.

Marketability 40

Marketability 40

Benzinga

AUGUST 24, 2023

Industrial conglomerate Esmark has reportedly backed out of bidding for the acquisition of United States Steel Corp (NYSE: X ). The move came amid pressure from the United States Steel's workers union, who support the bid from Cleveland-Cliffs Inc (NYSE: CLF ), as per WSJ.

Equity 52

Equity Marketability 52

Benzinga

JUNE 23, 2023

In a court document submitted during the Federal Trade Commission 's (FTC) hearing regarding Microsoft Corp.'s billion acquisition of Activision Blizzard Inc (NASDAQ: ATVI ), the Xbox manufacturer admitted that it has lost the video game wars against rivals Sony Group Corp. 's (NASDAQ: MSFT ) $68.7

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Benzinga

FEBRUARY 19, 2024

Jim Cramer recently shared his insights on Capital One Financial Corp ‘s (NYSE: COF ) acquisition of Discover Financial Services (NYSE: DFS ) and its potential impact on the stock market.

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Marketability Equity 52

Law 360 M&A

OCTOBER 27, 2023

Elon Musk urged a California federal judge Friday to end a proposed securities class action claiming the billionaire fraudulently tweeted about X Corp.'s s alleged bot problem to get out of his $44 billion acquisition, arguing that he never waived his right to investigate the company's bot problem when he waived due diligence rights.

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Benzinga

NOVEMBER 23, 2022

23, 2022 (GLOBE NEWSWIRE) -- The global medical x-ray market size was valued at USD 12.89 Latest advancement in medical x-ray machines is also estimated to propel market trajectory. Increasing demand for early diagnosis is propelling the growth for x-ray examinations, which is expected to aid market development. Report Scope.

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Marketability 52

Benzinga

AUGUST 21, 2023

Elon: Meta's Threads Prepares To Counter Musk's X With Web Version Meta Platforms Inc (NASDAQ: META ) is gearing up to launch a desktop version of its microblogging application, Threads. After Meta's initial release of Threads in July, it witnessed a surge in popularity, but its momentum has noticeably slowed recently.

Marketability 52

Marketability 52

Benzinga

APRIL 15, 2024

Tinga Valley Property highly prospective for large and high-grade porphyry style copper-gold mineralization and associated massive sulphide-magnetite skarn mineralization with elevated copper and gold-silver grades with several large high priority drill targets already identified over a 2.5km x 1.5km footprint.

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Treasury Finance 40

Law 360 M&A

DECEMBER 6, 2022

X Energy Reactor Co. LLC and special-purpose acquisition company Ares Acquisition Corp. have agreed to combine through a merger that will take the nuclear energy firm public at an estimated $2 billion value, one of two energy-related SPAC mergers announced Tuesday under combined guidance of five law firms.

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Benzinga

AUGUST 13, 2023

Pittsburgh-based United States Steel Corp. NYSE: X ) late Sunday rejected a buyout offer from rival steel manufacturer Cleveland-Cliffs Inc. NYSE: CLF ) but welcomed the latter to participate in a formal review process. What Happened: U.S. The announcement comes as U.S.

Marketability 52

Marketability Equity 52

Benzinga

MARCH 7, 2023

announced today the acquisition of Integrated Defense and Security Solutions (IDSS) Corp., Tek84 develops and manufactures ultra-low-dose x-ray scanning solutions that detect threats – weapons, drugs and other contraband – hidden under clothing, within body cavities and inside vehicles, packages, walls and objects.

Technology 40

Technology 40

Benzinga

NOVEMBER 6, 2023

06, 2023 (GLOBE NEWSWIRE) -- Hut 8 Mining Corp. dba US Bitcoin Corp ("USBTC") will combine in an all-stock merger of equals (the "Transaction"). The combined company will be named "Hut 8 Corp." ("New Hut") and will be a U.S.-domiciled com and follow us on X (formerly known as Twitter) at @Hut8Mining. TORONTO, Nov.

Treasury 40

Treasury Technology 40

Benzinga

OCTOBER 13, 2023

As Microsoft Corp. 's Satya Nadella , chairman and CEO of Microsoft, took to X (formerly known as Twitter) to celebrate the fact the UK's Competition and Markets Authority (CMA) approved the deal after it was restructured to sell Activision's streaming rights to Ubisoft Entertainment SA (OTC: UBSFF ).

Marketability 52

Marketability 52

Benzinga

JUNE 7, 2022

million; and. the "Seller"), for total consideration of $597.5 The LNG/C, to be named "Asterix I", is currently under construction by Hyundai Heavy Industries Co.

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Benzinga

MARCH 29, 2022

TORONTO, March 29, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. (" GCM Mining " or the " Company ") (TSX: GCM , OTCQX: TPRFF ) announced that it filed an early warning report in connection with its acquisition today over the Chi-X Market of an aggregate of 3,430,000 common shares (the " Denarius Shares ") of Denarius Metals Corp. (" Denarius ") (TSXV: (..)

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Marketability 40

Benzinga

FEBRUARY 28, 2024

28, 2024 (GLOBE NEWSWIRE) -- Arras Minerals Corp. VANCOUVER, British Columbia, Feb. TSXV: ARK ) ("Arras" or "the Company") is pleased to announce that it has been granted the Tay exploration license ("Tay"). Tay is located 28 kilometres ("km") to the north of the Bozshakol open pit copper-gold mine which is operated by Kaz Minerals.

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Benzinga

MAY 23, 2022

Space Exploration Technologies Corp. Space X) (U.S.). Lockheed Martin Corporation (U.S.). China Great Wall Industry Corporation (China). United Launch Alliance (ULA) (U.S.). Space International Services (U.S.). Mitsubishi Heavy Industries, LTD. Northrop Grumman Systems Corporation (U.S.). Eurockot Launch Service Provider (Germany).

Marketability 40

Marketability Technology 40

Chris Mercer

SEPTEMBER 27, 2022

The leading appellate level decision on the definition of fair value in New York is Beway, ( Friedman v Beway Realty Corp., Citing the Delaware Supreme Court case of Cavalier (Cavalier Oil Corp. 2d 253, 614 N.Y.S.2d 2d 133 (1st Dept. Harnett – 564 A.2d 2d 1137 (Del. at 494 [emphasis supplied]). (2) 2d 465, 474 ). (4)

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Appraisal Marketability 52

Benzinga

FEBRUARY 8, 2024

Million Amended Terms of Business Combination Agreement with ESGEN Acquisition Corp. million Solar system installations for the first nine months of 2023 increased by approximately 35% compared to the same year-ago period Amended the terms of its business combination agreement with ESGEN Acquisition Corp. About ESGEN Acquisition Corp.

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EBITDA Marketability 40

Reynolds Holding

AUGUST 17, 2023

In 2022, posts on X, formerly known as Twitter, were cited as containing false statements in 13 investor class actions under Rule 10b-5. Among cases that have survived a motion to dismiss are In re Bed Bath & Beyond Corp. One of these cases has survived a motion to dismiss based on a tweeted emoji being actionable.

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Alpha Marketability 94

ABI

JANUARY 13, 2021

Credit Corp. Under § 548(d)(2)(a) of the Bankruptcy Code, when analyzing whether a debtor received reasonably equivalent value for a transfer, a court must make a two-step inquiry asking (1) whether debtor received value and (2) whether the value received was reasonably equivalent to the property transferred. xii] See Intershoe, Inc.

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Reynolds Holding

MAY 6, 2022

12] This duty, absent from the Bankruptcy Code, is a vestige of an earlier system of law known as Chapter X in which informal committees of bondholders had the power to vote the proxies of other bondholders. [13] 12] See In re Johns-Manville Corp. , 15, 1989); PG&E Corp. , See also In re Enron Corp. , 11] 11 U.S.C.

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Private Equity Firm Capital Structure Equity Marketability 56

ThomsonReuters

FEBRUARY 6, 2024

This means Jim would owe a direct tax of $12,000 ($400,000/$1,000 = 400 x 30). State income tax is a direct tax on business income that a C corporation, also known as a C corp, has earned in a state. Jim owns a home that’s valued at $400,000, and the town charges a $30 tax on every $1,000 of the home’s tax-assessed value.

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Compliance Finance 52

Harvard Corporate Governance

JULY 14, 2023

Stronski, Skadden, Arps, Slate, Meagher & Flom LLP, on Tuesday, July 11, 2023 Tags: Board composition , directors , Mergers & acquisitions , SEC enforcement , Shareholder activism , universal proxy rule X Corp.

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Technology Marketability 189

Reynolds Holding

MARCH 29, 2022

M&T Bank Corp. , The proposals set forth multiple disclosure requirements that reach deep into each registrant’s operations to capture not just the uncertainty of how climate change might affect the firm, but also to shine a light on management’s strategies to cope with the ensuing tsunami. speculative or risky.” 962 F3d 701 (3d Cir.

Banking 72

Banking Market Capitalization Marketability 72

Benzinga

AUGUST 15, 2023

15, 2023 (GLOBE NEWSWIRE) -- Moringa Acquisition Corp (NASDAQ: MACA ) (" Moringa " or the " Company ") announced today that, in connection with its previously announced extraordinary general meeting in lieu of the 2023 annual general meeting of shareholders of the Company to be held at 9:00 a.m. New York, NY, Aug. Eastern Time/4:00 p.m.

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Reynolds Holding

JULY 17, 2022

15] Restatement at x. [16] 23] See, e.g., Dynamics Corp. Dawes, Rational Choice in an Uncertain World: The Psychology of Judgement and Decision Making 37 (2001) (discussing sunk costs). [15] 17] Balganesh & Menell, supra note 4, at 301 (noting the “mismatch between the Restatements and statutes”). [18] 20] Ronald J. 2d 245 (N.J.

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Benzinga

DECEMBER 4, 2023

® ("LeddarTech" or the "Company"), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS and AD, and Prospector Capital Corp.

Technology 45

Technology 45

Reynolds Holding

NOVEMBER 29, 2023

Musk bought Twitter, fired its executive team, eventually changed its name to “X”, and pursued his role as “chief twit” of a company he had just accused of trying to defraud him. 6] Complaint at Exhibit 4, X Corp. Two weeks before trial, Elon Musk agreed to honor the merger agreement Twitter sued him for breaching.

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Reynolds Holding

MARCH 6, 2024

The Commission adopts an entirely new subpart of Regulation S-K and an entirely new article of Regulation S-X for one topic – climate change – applicable to all public companies. Brown & Williamson Tobacco Corp. , In doing so, the rulemaking elevates climate above nearly all other issues facing public companies. Northway, Inc. ,

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Compliance Corporate Finance Marketability Finance 53

Benzinga

JANUARY 19, 2024

Former Treasury Secretary Larry Summers has defended the proposed takeover of United States Steel Corp. NYSE: X ) by Japan’s Nippon Steel Corp. OTCPK: NISTF) despite the Biden administration’s national security apprehensions. ” The $14.1

Treasury 78

Treasury 78

Benzinga

MARCH 14, 2024

United States Steel Corporation (NYSE: X ) shares are trading lower following a Thursday report suggesting President Joe Biden expressed concerns regarding Nippon Steel Corp ‘s (OTC: NISTF ) takeover of the company in a multi-billion deal.

Equity 59

Equity Marketability 59

Reynolds Holding

FEBRUARY 1, 2023

13] See Hill York Corp. 24] See Hill York Corp., 24] See Hill York Corp., Petroleum Management Corp. , Further, Emerging Growth Companies also benefit from reduced narrative and S-X disclosures, and do not have to provide auditor attestation of internal control over financial reporting under SOX 404(b).

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Marketability Corporate Finance Compliance Equity 58

Benzinga

JANUARY 31, 2024

United States Steel Corp (NYSE: X ) will be reporting its fourth-quarter earnings on Feb. 18, when a proposed acquisition by Nippon Steel Corp (OTCPK: NISTF) in a $14.1 Wall Street expects 26 cents in EPS and $3.76 billion in revenues as the company reports after market hours. Steel has been under scrutiny since Dec.

Marketability 52

Marketability Equity 52