Periculum Capital

JUNE 30, 2021

Periculum Capital Company, LLC (“Periculum”) is pleased to announce it has completed the sale of Central States Enterprises, LLC’s (“CSE” “Company”) two grain terminal elevators to ADM (NYSE: ADM). The elevators are located in northeastern Indiana and consist of a combined licensed grain storage of 30 million bushels. Periculum has been CSE’s exclusive Financial Advisor for several years, completing multiple debt placements, a minority equity sale, and other periodic assignments.

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Sale Advisory Corporate Finance Middle Market 52

Shearman & Sterling

JUNE 29, 2021

On June 21, 2021, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery dismissed breach of fiduciary duty claims brought by stockholders of Oracle Corporation (the "Company") against two of its officer-directors in connection with its acquisition of NetSuite, Inc., but upheld a claim against the chairperson of the special committee that had been established to evaluate the transaction.

Acquisitions 52

Acquisitions Corporation IT 52

Cooley M&A

JUNE 29, 2021

“The sustained surge of M&A activity, SPACs, de-SPACing and IPOs has major dealmakers scrambling to find enough associates to staff their deals, risking burnout for the associates they do have on staff.” Cooley partner and M&A co-chair Jamie Leigh was quoted in this American Lawyer article on M&A trends. Read the full article here (subscription required).

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M&A Media IPO IT 52

Synopsys: M&A

JUNE 25, 2021

Open source software audits can identify undetected issues in your codebase. Learn how our audit services can help you understand the risks during an M&A. The post How an open source software audit works appeared first on Software Integrity Blog.

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M&A Securities Acquisitions Mergers 52

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Management

Cooley M&A

JUNE 17, 2021

“During the first quarter, domestic M&A – where UK companies acquire other UK companies – was worth £3.8bn, a decrease of £5.3bn from the previous quarter last year, according to figures published by the Office for National Statistics.” Michal Berkner was quoted in this City A.M. article on M&A trends. Read the full article here.

M&A 52

M&A Media 52

Shearman & Sterling

JUNE 15, 2021

On June 7, 2021, Vice Chancellor Joseph R. Slights of the Delaware Court of Chancery denied a motion to dismiss a breach of contract claim against defendant Albertsons Companies, Inc. brought by a representative of former shareholders of DineInFresh, Inc. (the "Company") in the wake of its acquisition by defendant. Shareholder Representative Services LLC v.

Business 52

Business Mergers and Acquisitions Mergers IT 52

Shearman & Sterling

JUNE 8, 2021

On June 1, 2021, Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery denied defendants' motion to dismiss a stockholder derivative action against the founders of Tilray, Inc. (the "Company") for breach of fiduciary duties in connection with a merger with Privateer Holdings, Inc., a parent entity through which the Company's founders had maintained their holdings.

Mergers 52

Mergers Capital Business 52

Cooley M&A

JUNE 7, 2021

Partners John McKenna and Luke Cadigan joined PwC to discuss SPACs, tax, audit, legal, and other relevant topics for finance and legal professionals at venture capital and private equity funds. This event took place on Tuesday, June 22, 2021 at 11:00 AM PDT. Click here to register and view the recorded event. John McKenna. Luke Cadigan.

Private Equity 52

Private Equity Equities Capital Finance 52

Shearman & Sterling

JUNE 2, 2021

On May 25, 2021, Vice Chancellor Joseph R. Slights III of the Delaware Court of Chancery partially denied a motion to dismiss claims brought by dissenting stockholder plaintiffs in a post-merger action to enforce an appraisal judgment. Manichaean Capital, LLC v. Exela Technologies Inc., C.A. No. 2020-0601-JRS (Del. Ch. May 25, 2021). The Court found that plaintiffs had adequately pleaded facts to allow a reasonable inference that the acquirer diverted funds from the acquiree's subsidiaries

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Funds Mergers Capital IT 52

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Finance

Shearman & Sterling

JUNE 29, 2021

On June 21, 2021, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery dismissed breach of fiduciary duty claims brought by stockholders of Oracle Corporation (the "Company") against two of its officer-directors in connection with its acquisition of NetSuite, Inc., but upheld a claim against the chairperson of the special committee that had been established to evaluate the transaction.

Acquisitions 40

Acquisitions Corporation IT 40

Cooley M&A

JUNE 23, 2021

How has dealmaking changed in the last 18 months? Have we developed new playbooks or best practices? Will the market continue to accelerate through 2021 and beyond? What does all of this mean for the wider tech sector? Seasoned M&A dealmakers met on June 30, 2021 for a discussion on current trends and what’s next in tech M&A dealmaking. Topics include.

M&A 40

M&A Media Management 40

Shearman & Sterling

JUNE 15, 2021

On June 7, 2021, Vice Chancellor Joseph R. Slights of the Delaware Court of Chancery denied a motion to dismiss a breach of contract claim against defendant Albertsons Companies, Inc. brought by a representative of former shareholders of DineInFresh, Inc. (the "Company") in the wake of its acquisition by defendant. Shareholder Representative Services LLC v.

Business 40

Business Mergers and Acquisitions Mergers IT 40

Shearman & Sterling

JUNE 8, 2021

On June 1, 2021, Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery denied defendants' motion to dismiss a stockholder derivative action against the founders of Tilray, Inc. (the "Company") for breach of fiduciary duties in connection with a merger with Privateer Holdings, Inc., a parent entity through which the Company's founders had maintained their holdings.

Mergers 40

Mergers Capital Business 40

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Capital

Shearman & Sterling

JUNE 2, 2021

On May 25, 2021, Vice Chancellor Joseph R. Slights III of the Delaware Court of Chancery partially denied a motion to dismiss claims brought by dissenting stockholder plaintiffs in a post-merger action to enforce an appraisal judgment. Manichaean Capital, LLC v. Exela Technologies Inc., C.A. No. 2020-0601-JRS (Del. Ch. May 25, 2021). The Court found that plaintiffs had adequately pleaded facts to allow a reasonable inference that the acquirer diverted funds from the acquiree's subsidiaries

Funds 40

Funds Mergers Capital IT 40