Dodd-Frank M&A
Successful Two-Step Tender Offer has the Same Revlon Cleansing Effect as a Stockholder Vote
M&A The plaintiffs in In Re Volcano Corp. Stockholder Litigation were former public stockholders of a company that was acquired for $18 per share in an all-cash merger. Just five months prior, the target company had declined an offer of $24 per share from the same acquiror. After the companies announced the merger, the plaintiffs brought […] Read more →
Tesla, SolarCity and Social Media
M&A, Public Companies and Securities Tesla, in an offer to acquire SolarCity, appears to be the first to announce a major proposed acquisition by a blog post. Since an 8-K was also filed, it can’t be sole proof... Read more →
Pending Legislation Would Streamline Regulation of Private Equity
M&A, Private Equity On June 16, 2016, the House Financial Services Committee approved the Investment Advisers Modernization Act of 2016 (H.R. 5424) as part of a package of several economic growth... Read more →
Nasdaq Golden Leash Proposal
Executive Compensation, Litigation, M&A, Public Companies and Securities Nasdaq recently extended the comment period for its proposed disclosure requirements on golden leash arrangements. Some may wonder why the proposal is controversial. For an... Read more →