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Delaware Court Of Chancery Dismisses Stockholder Challenge To Merger For Failure To Rebut Business Judgment Rule

Shearman & Sterling

On July 25, 2019, Vice Chancellor Kathaleen S. McCormick of the Delaware Court of Chancery dismissed a stockholder suit challenging the $18 billion merger of equals between Towers Watson & Co. July 25, 2019). In Re Towers Watson & Co. 2018-0132-KSJM (Del.

Mergers 52
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Elliott has built a stake in Global Payments. How the activist can help the company lift its share price

CNBC: Investing

This segment was formed in 2019 following the combination of Global Payments and Total System Services ("TSYS") in an all-stock merger of equals to create a leading payments company with a presence in both merchant acquiring and issuer services. times EBITDA versus the 6.5-times times multiple Global Payments trades at.

Shares 80
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U.S. Oil Production Is Booming. Oil Jobs Are Not.

The New York Times: Mergers, Acquisitions and Dive

The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as it employed a decade ago.

IT 116
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Breakup rumors at Kraft Heinz prompt speculation Berkshire Hathaway may be selling its stake

CNBC: Investing

The billionaire CEO later worked with 3G to help finance Heinz's $49 billion merger with Kraft Foods Group in 2015. In 2019, Buffett told CNBC his conglomerate paid too much for Kraft, noting he might have misjudged certain aspects about the company.

IT 130
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Sun Acquisitions Facilitates Strategic Sale of Kitchen & Baths Unlimited to Private Investor

Sun Acquisitions

Chicago, IL – May 15, 2025—Sun Acquisitions, a leading mergers and acquisitions firm, is pleased to announce the successful completion of the sale of Kitchen & Baths Unlimited, a full-service kitchen and bath remodeling company, to a Private Investor, KBU, Inc.

Sale 97
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Implementation of the Mobility Directive: Significant Changes for Mergers, Divisions and Conversions With the Introduction of a New Dual Regime

JD Supra: Mergers

On 23 January 2025, Luxembourg enacted a bill implementing the EU Mobility Directive (2019/2121) for cross-border conversions, mergers and divisions, featuring (i) a harmonised legal framework for these transactions across the European Union, and (ii) a distinct set of rules for transactions not covered by the EU special regime.

Mergers 167
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Two incident management startups join forces as FireHydrant nabs Blameless

TechCrunch: M&A

FireHydrant, an NYC incident management startup that launched in 2019, announced on Wednesday that it has acquired Blameless, a former competitor. The companies did not share the purchase price. Both companies help SREs (site reliability engineers) deal with the daunting job of keeping software and websites up and running.