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Considerations for Dual-Class Companies Contemplating M&A Transactions

Harvard Corporate Governance

4] However, such exceptions were not universal and, as will be discussed below, the vast majority of dual-class charters adopted before 2016 that contained transfer restrictions did not include M&A voting agreement carve outs. more…).

Equity 259
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How to Avoid Chapter 22 in Restructuring Work for Energy Companies

Value Scope

Commodities, including oil and gas, are far more volatile than other asset classes like fixed-income and equities. Ultra Petroleum filed for bankruptcy back in May of 2016, so this is its second filing in four years. Why is Energy Different? We have discussed this in a separate article recently published on our site. Conclusion.

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Moonshots

Reynolds Holding

The most innovative part of the economy, the venture capital (VC) market, has evolved structures to address these agency problems. A startup’s capital structure solves the motivation problem. General Motors (GM) acquired it in 2016. Then in 2018, GM decided to experiment with a new structure.

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DEBRA, next big tax reform in Europe?

Simply Treasury

DEBRA Proposal (« Debt-Equity Bias Reduction Allowance). In early May, the European Commission unveiled its proposal for a "DEBRA" (Debt-equity bias reduction allowance) Directive, aimed at encouraging companies to finance their investments with equity and capital contributions, instead of resorting to loans (bank or other).

Equity 52
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Triton International to be Acquired by Brookfield Infrastructure in a $13.3 Billion Take-Private Transaction

Benzinga

("BIP") (NYSE: BIP , TSX: BIP ), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrastructure"), jointly announce a definitive agreement for Triton to be acquired in a cash and stock transaction valuing the Company's common equity at approximately $4.7

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SEC Commissioner Speaks on IPOs and the Rise of SPACs

Reynolds Holding

SPACs – The Equity “Complex Product”. Investing in a SPAC IPO share is fundamentally different from investing in equity shares of publicly listed operating companies. [25] 22] See Klausner, at 21 (finding that “where redemption rates are high, public equity is often replaced by PIPE investment. Working Paper No. 746/2021). [13]

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Mr. Beaton h as written and spoken extensively on valuation techniques for companies with complex capital structures and has been a designated member of ASA for 29 years. He finished his term as a member of the Appraisal Practice Board of the Appraisal Foundation in July 2016. as well as in international arbitrations. .