JD Supra: Mergers

AUGUST 3, 2023

By: K&L Gates LLP

Mergers

JD Supra: Mergers

APRIL 3, 2024

SunFire, founded in 2016 and based in Carlisle, Mass., KKR has acquired SunFireMatrix, according to a news release. is a software and services company providing solutions for the Medicare insurance market. By: McGuireWoods LLP

Private Equity

Deal Lawyers

NOVEMBER 30, 2023

.; 11/23), in which it overturned the SDNY’s prior decision dismissing creditors’ claims seeking to recoup merger consideration paid to the company’s former director, officer & employee stockholders in connection with 2016 LBO. In so doing, the […]

Mergers

JD Supra: Mergers

JULY 5, 2023

On June 6, 2023, in a unanimous decision written by Justice Karen L. Valihura, the Delaware Supreme Court affirmed the Court of Chancery’s April 27, 2022, opinion in In re Tesla Motors, Inc. Stockholder Litigation. By: McGuireWoods LLP

Acquisitions

JD Supra: Mergers

JULY 17, 2025

After the FTC issued a replacement of the 2016 Antitrust Guidance for Human Resource Professionals on January 16, 2025, Commissioner – now Chair – Andrew N. Ferguson, joined by Commissioner Melissa Holyoak, punctuated his dissent by stating, “[t]he Biden-Harris FTC has no future.”

JD Supra: Mergers

MAY 31, 2023

billion, a low not seen since Q2 2016. There were 483 transactions in Q1 2023, up 13% on the previous quarter and remaining well above pre-pandemic levels. Value, however, continued to slump, falling by 31% quarter-on-quarter to US$22.2 By: White & Case LLP

M&A

Deal Lawyers

MARCH 19, 2024

This D&O Diary blog from Kevin LaCroix discusses an early March decision by the Eastern District of Virginia that a bump-up exclusion precluded D&O coverage for the $90 million paid by Towers Watson in settlement of claims relating to its January 2016 merger with Willis Group Holdings.

Insurance

How2Exit

JULY 22, 2024

Conner has a diverse background in traditional investments, having worked with various investment firms managing portfolios, trading, and offering wealth management services since 2016. His expertise lies in creating innovative solutions to bring off-market deals to clients, particularly in the small and medium business (SMB) space.

Mergers and Acquisitions

TechCrunch: M&A

JULY 18, 2023

Loupedeck was founded in 2016 by former Nokia/Microsoft employees (hence Helsinki). Read into that what you will. The company launched a successful Indiegogo campaign that same year, for an Adobe Lightroom editing console that brought in $411,000 — nearly five times its initial goal.

Portfolio

PE Hub

JANUARY 24, 2024

Revela was created via the 2016 merger of Welcome Dairy and Gamay Food Ingredients. The post New Heritage exits dairy flavor ingredients provider Revela Foods appeared first on PE Hub.

Food

JD Supra: Mergers

JULY 17, 2023

The amendments affect the Law of 2010 on UCIs, the Law of 2007 on SIFs, the Law of 2004 on SICARs, the Law of 2013 on AIFMs and the Law of 2016 on RAIFs. This new law aims to further increase the competitiveness of the Luxembourg fund centre. By: Hogan Lovells

Funds

Shearman & Sterling

MAY 9, 2016

On May 5, 2016, in In the Matter of Kenneth Cole Productions, Inc., 54, 2016 WL 2350133 (N.Y. May 5, 2016), the New York Court of Appeals adopted Delaware's standard of review of shareholder class actions challenging going-private mergers. Shareholder Litigation, No. Read More

Mergers

Shearman & Sterling

OCTOBER 3, 2016

On September 27, 2016, the Third Circuit Court of Appeals reversed a District Court ruling and granted the preliminary restraining order sought by the Federal Trade Commission ("FTC") and the state of Pennsylvania to enjoin a merger of two state hospital systems pending administrative review by the FTC. 16-2365 (3d Cir.

Hospitality

Shearman & Sterling

MAY 9, 2016

On May 5, 2016, the New York Court of Appeals ruled that courts should apply the business judgment rule in shareholder lawsuits challenging going-private mergers, as long as shareholders were adequately protected—a decision that expressly follows the approach of the Delaware Supreme Court in its seminal case, Kahn et al. 3d 635 (Del.

Mergers

Shearman & Sterling

JULY 11, 2016

On June 30, 2016, Vice Chancellor Tamika Montgomery-Reeves of the Delaware Court of Chancery dismissed a breach of fiduciary duty action brought by former shareholders of Volcano Corporation against the company's board of directors and financial advisor. CV 10485-VCMR, 2016 WL 3583704 (Del. June 30, 2016). June 30, 2016).

Mergers

JD Supra: Mergers

JULY 26, 2023

The Delaware Court of Chancery penned the latest chapter, on June 30, 2023, in a long-running dispute concerning TC Energy Corporation’s (“TransCanada”) July 2016 acquisition of Columbia Pipeline Group (“Columbia”), holding TransCanada liable for aiding and abetting breaches of fiduciary duty in Columbia’s sale process, and imposing damages upwards (..)

Sale

Shearman & Sterling

JUNE 20, 2016

June 14, 2016), ECF No. Order, Federal Trade Comm'n v. Advocate Health Care Network, No. 15 C 11473 (N.D. The Order held that the FTC failed to show a likelihood that it would succeed on the merits of its antitrust claims. Read More

Hospitality

JD Supra: Mergers

JUNE 21, 2023

The Delaware Supreme Court recently affirmed the Delaware Court of Chancery’s 2022 post-trial decision that Tesla’s 2016 all-stock acquisition of SolarCity Corp. satisfied the entire fairness standard of review, and thus did not involve breaches of fiduciary duty. See In re Tesla Motors Stockholders’ Litigation, A.3d 6, 2023).

Acquisitions

The New York Times: Mergers, Acquisitions and Dive

SEPTEMBER 12, 2023

Softbank’s chief executive, Masayoshi Son, believes the chip design company he bought in 2016 is poised to reap the fruits of the A.I. revolution.

Initial Public Offering

Shearman & Sterling

OCTOBER 17, 2016

On October 12, 2016, Vice Chancellor Joseph R. Slights III of the Delaware Court of Chancery dismissed a putative shareholder class action alleging fiduciary breaches by the board of directors of OM Group, Inc. ("OM") arising from OM's cash-out merger with Apollo Global Management, LLC ("Apollo"). 11216-VCS (Del.

Mergers

Shearman & Sterling

NOVEMBER 14, 2016

On November 10, 2016, Chancellor Andre Bouchard of the Delaware Chancery Court granted the appraisal petition of former stockholders in Farmers & Merchants Bancorp of Western Pennsylvania, Inc. ("F&M"), awarding a "fair value" of $91.90 another community bank in western Pennsylvania. Dunmire et al. 10589-CB (Del.

Mergers

Shearman & Sterling

AUGUST 8, 2016

July 28, 2016). The Court applied the entire fairness standard to the merger because plaintiffs alleged that the Director Defendants usurped corporate opportunities and then caused Riverstone to enter into a merger with Greystar Real Estate Partners ("Greystar") to extinguish said claims (the "Usurpation Claims").

Mergers

Shearman & Sterling

SEPTEMBER 6, 2016

On August 24, 2016, Chancellor Andre G. Bouchard of the Delaware Court of Chancery dismissed a shareholder action seeking post-merger damages for breach of fiduciary duty against the directors and officers of C&J Energy Services, Inc. August 24, 2016) ("C&J"). 25, 2016) ("Auspex"). Comstock Jr.,

Mergers

How2Exit

NOVEMBER 27, 2023

With a background in accounting and finance, Michael has built his company through mergers and acquisitions, gaining valuable experience in the process. rn Summary: Michael Ly, CEO of Reconciled, shares his journey in the accounting industry and how he built his company through mergers and acquisitions.

Accountant

Shearman & Sterling

MAY 9, 2016

On May 5, 2016, in In the Matter of Kenneth Cole Productions, Inc., 54, 2016 WL 2350133 (N.Y. May 5, 2016), the New York Court of Appeals adopted Delaware's standard of review of shareholder class actions challenging going-private mergers. Shareholder Litigation, No. Read More

Mergers

The Guardian: Mergers & Acquisitions

SEPTEMBER 14, 2023

The company, owned privately by Japanese investor SoftBank since 2016, priced its shares at $51 each and sold 95.5m shares, raising $4.87bn for Softbank. Continue reading.

IPO

Shearman & Sterling

OCTOBER 3, 2016

On September 27, 2016, the Third Circuit Court of Appeals reversed a District Court ruling and granted the preliminary restraining order sought by the Federal Trade Commission ("FTC") and the state of Pennsylvania to enjoin a merger of two state hospital systems pending administrative review by the FTC. 16-2365 (3d Cir.

Hospitality

Shearman & Sterling

JULY 18, 2017

2016), the Court held the merger was "cleanse[d]" because "the disinterested stockholders of Diamond were fully informed and uncoerced when they overwhelmingly accepted the tender offer." § 251(h). Berkman, C.A. 12844-VCMR (Del. July 13, 2017). Relying on Corwin v. KKR Financial Holdings LLC, 125 A.3d

Mergers

Shearman & Sterling

FEBRUARY 14, 2017

On February 9, 2017, the Supreme Court of the State of Delaware affirmed the dismissal of a breach of fiduciary duty action brought by former shareholders of Volcano Corporation in connection with the acquisition of Volcano in a two-step all-cash tender offer and merger pursuant to Delaware General Corporation Law Section 251(h). 3d 727 (Del.

Mergers

Shearman & Sterling

MAY 9, 2016

On May 5, 2016, the New York Court of Appeals ruled that courts should apply the business judgment rule in shareholder lawsuits challenging going-private mergers, as long as shareholders were adequately protected—a decision that expressly follows the approach of the Delaware Supreme Court in its seminal case, Kahn et al. 3d 635 (Del.

Mergers

Shearman & Sterling

JULY 11, 2016

On June 30, 2016, Vice Chancellor Tamika Montgomery-Reeves of the Delaware Court of Chancery dismissed a breach of fiduciary duty action brought by former shareholders of Volcano Corporation against the company's board of directors and financial advisor. CV 10485-VCMR, 2016 WL 3583704 (Del. June 30, 2016). June 30, 2016).

Mergers

TechCrunch: M&A

JUNE 13, 2023

While Abe Yousef, Senior Insights Analyst didn’t specify exact figures, he said Monthly Active Users in May 2023 have fallen by 80% as compared to May 2016. Another analytics firm Sensor Tower suggested that Timehop has been downloaded only 720,000 times since 2020.

IT

Shearman & Sterling

JUNE 20, 2016

June 14, 2016), ECF No. Order, Federal Trade Comm'n v. Advocate Health Care Network, No. 15 C 11473 (N.D. The Order held that the FTC failed to show a likelihood that it would succeed on the merits of its antitrust claims. Read More

Hospitality

Shearman & Sterling

OCTOBER 3, 2016

On September 28, 2016, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery dismissed a shareholder challenge to the acquisition of Millennial Media, Inc. ("Millennial") by AOL Inc. ("AOL"). Barrett, C.A. 11511-VCG (Del.

Mergers

Shearman & Sterling

JULY 4, 2016

On June 24, 2016, Vice Chancellor Sam Glasscock III of the Delaware Chancery Court issued a memorandum opinion denying a request by plaintiff The Williams Companies Inc. ("Williams") to enjoin defendant Energy Transfer Equity L.P. ("ETE") from terminating its merger agreement with Williams. June 24, 2016).

Mergers

Shearman & Sterling

OCTOBER 17, 2016

On October 12, 2016, Vice Chancellor Joseph R. Slights III of the Delaware Court of Chancery dismissed a putative shareholder class action alleging fiduciary breaches by the board of directors of OM Group, Inc. ("OM") arising from OM's cash-out merger with Apollo Global Management, LLC ("Apollo"). 11216-VCS (Del.

Mergers

Shearman & Sterling

NOVEMBER 14, 2016

On November 10, 2016, Chancellor Andre Bouchard of the Delaware Chancery Court granted the appraisal petition of former stockholders in Farmers & Merchants Bancorp of Western Pennsylvania, Inc. ("F&M"), awarding a "fair value" of $91.90 another community bank in western Pennsylvania. Dunmire et al. 10589-CB (Del.

Mergers