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...It runs alongside a parallel localisation drive under way in state-owned enterprises....
...It went on to say that it made sense for Tesla to incorporate in the Lone Star State because “Tesla is all-in on Texas” because Tesla is “intertwined with our Texas corporate headquarters.”...
...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...
...After 87 per cent voted in favour, Musk said he “will move immediately to hold a shareholder vote to transfer state of incorporation to Texas”....
...And for all of the histrionics of Musk, there is not even a hint that other big public companies are set to abscond to Texas, Nevada or any other state....
...As HL Mencken, Upton Sinclair or William Jennings Bryan was said to have roughly quipped, it is difficult to get someone to understand something when their salary depends on their obliviousness....
...of its incorporation to Texas from Delaware and revealing plans to cut more than 10 per cent of its workforce — at least 14,000 jobs....
...He added that an informal poll he had earlier held on such a shift was “unequivocally in favour of Texas”....
...“Delaware thinks: ‘We’re smarter than you are, and we’re going to have judges up here in Wilmington look at the economics of your transaction,” said Byron Egan, an elder statesman of the Texas corporate...
...Aaron Kinsey, chair of the Texas State Board of Education, in a letter asking for the decision to be reconsidered.* BlackRock declined to comment on the size of red state ESG-related divestments....
...Chew has proposed multiple alternative measures to a sale for allaying US national security concerns, including the Project Texas plan and a potential American stock market listing of TikTok....
...TikTok has responded to critics by pointing to its $1.5bn investment in “Project Texas”, a corporate restructuring designed to wall off US user data from China....
...Tesla’s enterprise value remains many times the size of carmakers such as Ford. Investors seem keen to give Musk the benefit of the doubt....
...It tallied 988 investments by Enterprise Ireland between 2018 and the first half of 2022....
...The Family Dollar deal, struck at an enterprise value of $9.2bn after a fierce bidding war with Dollar General, has instead left the retailer exposed to the toughest part of a struggling bargain retail market...
...Icahn restructured the margin loan last summer so that it was tied to the value of Icahn Enterprises’ quarterly net assets and not its falling shares....
...The pair, who have traded supportive messages over the past year on Musk’s X platform, met at Tesla’s factory in Austin, Texas, and discussed “the need to liberate markets” and “the importance of eliminating...
...Since then, he has shifted incorporation of two of his companies away from Delaware — SpaceX to Texas, and Neuralink to Nevada....
...Japanese enterprises also lead other countries in exports of goods from the US....
...Icahn Enterprises owns 66 per cent of CVR....
...Investors, who are already digesting a steadily falling share price, disappointing sales figures, and a contentious plan to move company headquarters from Delaware to Texas, face another conundrum: whether...
...The transaction values Ansys at about $390 a share, based on Synopsys’s share price of $559.96 on December 21, the last trading day before news of a potential deal leaked, or about $35bn on an enterprise...
...The beauty of living to 99 is getting the chance to enjoy the fruits of compound returns. Charlie Munger died just short of reaching the century mark....
...The new paper, by Jeremiah Green of Texas A&M and John Hand of University of North Carolina, argues that at least on the ethnic diversity side, the studies just don’t hold up....
...The deal is the latest sign of life in the enterprise IT market, following Cisco’s move to acquire data and security software company Splunk for $28bn in September and Broadcom’s $69bn acquisition of cloud...
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