Cooley M&A

MAY 17, 2017

ISS and Glass Lewis are continuing to apply special scrutiny to certain corporate governance provisions of “newly public” companies (generally, companies that have gone public in 2014 or later). See our December 2016 client alert. In short, the latest policies (which have evolved over the last few years) provide that the proxy advisory firms will recommend voting against the re-election of newly public directors who, prior to or in connection with their company IPOs, adopted bylaw or charter pro

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Appraisal Rights

MAY 12, 2017

Conyers Dill & Pearman, a firm whose work we’ve noted before has a further update on Cayman appraisal rights. Examining the over 100 page decision in In the matter of Shanda Games Limited (FSD 14 of 2016, 25 April 2017), Conyers Dill recaps the case, including the valuation approach, discount rate, as well as the Cayman court’s consideration of Delaware law.

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Appraisal 40

Appraisal Rights

MAY 11, 2017

The Faculty of Law at the University of Oxford are holding an event on May 12 th entitled “Valuation, Growth, and Appraisal Arbitrage” with Professor Richard Booth of Villanova Law School. We’ve previously posted on Professor Booth’s work regarding appraisal. If your company, firm, university, or otherwise is holding an event regarding appraisal, please do feel free to let us know by emailing shecht@lowenstein.com or rbodnar@lowenstein.com.

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Appraisal 40