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Transfer Traps: Considerations for Dual-Class Companies Contemplating M&A Transactions

Cooley M&A

There are compelling rationales for adopting a dual-class structure, but even proponents of the structure generally acknowledge that these benefits are significantly mitigated once the dual-class shares are out of the hands of the founders and/or pre-IPO stockholders. Voting agreements in public M&A transactions.

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A welcome freedom, temporary measure or futile task?: The industry reacts to the UK’s new research proposal

The TRADE

In the current market and economic climate most asset managers aren’t keen to try out that message in the short-term, but it’s definitely possible that the situation could evolve as we move through the cycle.”

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Sports Investment Banking: How to Win the Super Bowl and the World Cup in the Same Year

Mergers and Inquisitions

We’ll do a full breakdown of the sector here, but as usual, we need to start with the definitions, trends, and drivers: Table Of Contents What is Sports Investment Banking? However, one common point across all the verticals is that IPOs are not common because there aren’t that many publicly traded sports teams, stadiums, or arenas.

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Cooley’s 2020 Tech M&A Year in Review

Cooley M&A

The court declined to find that the target business had suffered an MAE – despite the significant pandemic impact on its hotel business – due to a carve-out in the MAE definition for calamities. Creative deal terms and financing arrangements were also attractive aspects of SPAC deals as compared to their IPO cousin. A Look Ahead.

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Cooley’s 2021 Life Sciences M&A Year in Review

Cooley M&A

For example, early in 2021, Zimmer Biomet Holdings announced that it would spin off its spine and dental businesses into a new publicly traded company as a way to “optimize resource allocation” among its remaining businesses. Alexion argued that with five years remaining in the earnout period, the claim was not yet ripe for review.

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The Re-Evolution of SPACs: Navigating a Maturing Market

MergersCorp M&A International

The Basics At its core, a SPAC is a shell company with no commercial operations, formed solely to raise capital through an Initial Public Offering (IPO) with the express purpose of acquiring an existing private company. If approved, the private company effectively becomes the publicly traded entity, inheriting the SPAC’s listing.

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