Hints and tips:
...“We believe this transaction will maximise value for all of Endeavor’s public stockholders and are excited to continue to unlock and invest in the growth opportunities ahead as a private company,” Emanuel...
...Last year, Dell Technologies agreed to pay a record $1bn to settle a shareholder lawsuit that alleged Michael Dell and Silver Lake had short-changed public stockholders in their dealmaking....
...The corporate shape-shifting comes as it and competitors Blackstone and Apollo Global Management have also reoriented their operations in recent years to appeal to the tastes of stockholders....
...“This transaction delivers significant immediate cash value to our stockholders and maximises the value of their shares,” said Mark McClain, chief executive of SailPoint since he founded the company in 2005...
...Raising that much via asset sales would leave enough to pay off the secured lenders as well as the DIP, with the remainder potentially going to unsecured creditors as well as common stockholders....
...Proceeds from asset sales, along with the holding company’s $2bn cash balance and value from tax benefits from operating losses, will be used to pay off bondholders as well as preferred stockholders....
...had sought to “crater the market value” of the tracking stock and had used “coercive, strong-arm tactics” to push the reverse merger through before it was approved by a majority of independent tracking stockholders...
...Both Black and Harris have the right to be nominated to serve on Apollo’s board under the terms of a stockholder’s agreement that they — along with co-founder and new chief executive Marc Rowan — entered...
...“We believe this transaction will provide immediate and substantial value to RealPage stockholders, reflecting the tremendous work that our employees have done to build this company,” RealPage’s chairman...
...Stockholders had been diluted by 75 per cent in recent months even as the company’s debt load and deferred rent remained massive, they wrote....
...The purchase bans and delistings have temporarily depressed prices as American stockholders run for the exits. Hong Kong and other foreign traders are buying up these shares on the cheap....
...If it distributes those VMware shares in a spin-off to its stockholders (primarily Michael Dell and Silver Lake Partners) VMware and Dell could trade freely on their own merits....
...Instead, common stockholders intend to reduce their stakes — giving Cerberus the chance to reduce its holding after its 14-year involvement with the company....
...The company said in a statement that “it is in the best interests of the company, our stockholders and our associates to focus our efforts entirely on navigating this environment to address those challenges...
...Colony said in a response to Blackwells on Tuesday that it had “taken significant actions to position the company to deliver long-term value for stockholders”, including the acquisition of Mr Ganzi’s infrastructure...
...“Unfortunately, there are far too many boards that unlike Caesars, believe corporations are more like feudal systems, than democracies; that stockholders are the peasants who represent a necessary evil that...
...Stockholders of Ultimate Software will receive $331.50 per share, a 19 per cent premium on the company’s closing stock price on Friday....
...Ellie Mae stockholders will receive $99 per share in cash, 21 per cent above the company’s closing share price on Monday....
...“Since terminating the transaction with Albertsons, we have engaged directly with many of our largest stockholders....
...Albertsons said: “We disagree with the conclusion of certain Rite Aid stockholders and third-party advisory firms.”...
...“Largely due to our opposition, today Dell enhanced the deal by reducing the value being diverted from DVMT stockholders from over $11bn to $8bn,” he wrote. Read more from Lex here....
...In an unusual intervention by an employee at a shareholder meeting, one Google engineer stood up to present a stockholder proposal calling for the pay of Sundar Pichai, chief executive, to be partly tied...
...“After an in-depth review of strategic alternatives for CHX, we believe this transaction is clearly in the best interests of CHX stockholders and positions the organisation well going forward,” said Matthew...
...The group’s board “carefully reviewed and considered the proposal”, but ultimately conlcuded “that the proposal was not in the best interests of the company or its stockholders as it significantly undervalued...
...But the latest offer, which includes a cash component of A$6.13 per share and a special dividend of A$0.37 per share for stockholders, persuaded Santos’s board to grant Harbour access to conduct due diligence...
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