Hints and tips:
...On Thursday, March 28, a group of powerful Delaware lawyers put in motion a plan to make a series of changes to the state’s eminent corporate code, known as the Delaware General Corporation Law....
...But even when it has criticised boards over executive pay, as in a case involving Walt Disney two decades ago, the court has not acted with similar force....
...Separately, the Court of Chancery last year denied a customary “books and records” request from a shareholder probing how Disney had reacted to Florida’s “Don’t Say Gay” legislation....
...Amid New Orleans festivities, rainmakers wonder if the party is over for Delaware Delaware, Inc. may be the enterprise now under the most intense activist threat....
...A relative minnow, it has an enterprise value of just $25bn....
...I’m talking about Delaware. Sujeet Indap Of the 470 public companies in the Fortune 500, more than 300 of them are incorporated in Delaware, in the likes of Disney or Amazon or Google, Microsoft....
...Bob Iger, Disney chief executive, said the launch would be “a significant moment for Disney and ESPN, a major win for sports fans, and an important step forward for the media business”....
...That was 20 years ago, when it criticised the directors of Walt Disney for waving through a $140mn pay-off for Michael Ovitz when he was ejected as its president....
...There’s loads of research on home bias versus the Delaware advantage, which might be extrapolated in all sorts of ways when applied to big data sets like this: These are normal sorts of enterprises with...
...As the FT’s Sujeet Indap reported on Wednesday, a Delaware decision last week striking down how much decision-making power Ken Moelis has at his boutique bank Moelis & Co, may prove pivotal in the Crown...
...The first, Disney executive Kevin Mayer, lasted only a few months. Successor Chew Shou Zi has stuck around for three years....
...Trading on a total enterprise value 7.7 times forward ebitda on capital IQ data, the chain comes in at a sharp discount to the branded sportswear stablemates as well as US peer Planet Fitness....
...Berkshire also exited its investments in payments business StoneCo, insurers Globe Life and Markel Corporation, and homebuilder DR Horton....
...Charter shares are up 40 per cent in the last five years for an enterprise value of more than $150bn. Disney stock has fallen a quarter....
...Penn’s shares rallied by just over a third on Tuesday night in after-market trading, implying a market capitalisation of $4bn. Including its heavy debt and lease load, its enterprise value is $15bn....
...“It’s déjà vu all over again,” said a spokesperson for Trian Partners, the hedge fund challenging Disney....
...They will make roughly equal contributions to a combined business with an $8bn enterprise value. Like most such deals, this one has defensive characteristics....
...Brian Becker, managing partner at RSM US, said the firm had ruled out becoming an employee-owned corporation, like BDO, or taking an investment from private equity, as other US accounting firms have done...
...of the Professional Darts Corporation’s world championships at London’s Alexandra Palace....
...Murdoch’s $71bn sale of most of 21st Century Fox to Disney at the peak of the media market in 2017 was a financial masterstroke but left his holdings smaller....
...From a December press release: Liberty Media Corporation (“Liberty Media” or “Liberty”) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) and Sirius XM Holdings Inc....
...Like rival Disney, which is pondering the future for its ESPN network, Zaslav must judge whether news channel CNN is worth selling off to a specialised owner....
...A version of this article was first published by Nikkei Asia on February 27. ©2024 Nikkei Inc. All rights reserved....
...On Tuesday, Fox abruptly settled a defamation lawsuit in Delaware state court brought by Dominion Voting Systems....
...The film can seem precisely what you might expect: a non-negotiable upbeat ode to family, enterprise and empty calories....
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