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This newsletter is our seventh annual review of significant
state court decisions relevant for private company M&A
transactions and related governance matters and disputes.
Hallisey v. Artic Intermediate, LLC ,
C.A. No. 2019-0980-MTZ (Del. Ch. Oct. 29, 2020)
Summary
Acquiror was not entitled to a post-closing purchase price
adjustment in its favor due to having delivered its Closing
Statement after the contractually agreed deadline.
Background
This decision involved a motion for judgment on the pleadings
filed by Hallisey, as seller representative (Seller Rep) under a
Zynga co-founder Justin Waldron is building a mobile gaming unicorn
Justin Waldron co-founded gaming company Zynga with Mark Pincus when he was 19. Today, he is an investor in over 50 companies across the globe, and has also founded another gaming startup - Playco.
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Justin Waldron is no stranger to the gaming world. Often regarded as a pioneer in the social gaming circuit, having built and introduced viral game titles to users during his stint at Zynga a company he co-founded (along with Mark Pincus) as a 19-year-old in 2007.
He also happens to be an investor in over 50 companies across the world.
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NEW DELHI: Jaipur-based AU Small Finance Bank has raised Rs 625.50 crore by issuing shares to a set of investors through qualified institutional placement (QIP). The bank has completed the allotment of equity shares under QIP and has successfully raised Rs 625.5 crore through the issuance of 50,00,000 equity shares at an issue price of Rs 1,251 per share, the bank said in a regulatory filing. The issue was launched on March 9, with a floor price of Rs 1,181.06 apiece. The QIP witnessed strong reception from both domestic and international institutional investors and the QIP was subscribed by sovereign wealth funds, large foreign portfolio investors, life insurance companies and a domestic mutual funds, AU Small Finance Bank said.
Highlights
Offers to raise an estimated Rs 3,764 crore.
Shares of these companies will be listed on BSE and NSE.
New Delhi: Kalyan Jewellers India IPO opens for public subscription on Tuesday. The Rs 1,175-crore IPO of Kalyan Jewellers India Ltd comprises issuance of fresh equity aggregating up to Rs 800 crore and an offer for sale worth Rs 375 crore.
Kalyan Jewellers promoter T S Kalyanaraman would be offloading shares worth up to Rs 125 crore, while Highdell Investment Ltd, an affiliate of Warburg Pincus, would sell up to Rs 250 crore worth of shares through the OFS route. The company has set the price band at Rs 86-87 a share for the initial share-sale, which will conclude on March 18.
Kalyan Jewellers IPO date, Kalyan Jewellers IPO GMP, Kalyan Jewellers IPO date 2021, Kalyan Jewellers IPO grey market indiatvnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatvnews.com Daily Mail and Mail on Sunday newspapers.