In
Shareholder Representative Services LLC v Albertsons Companies, Inc., the aggrieved former shareholders of DineInFresh, Inc., d/b/a Plated, sought recovery of earnout consideration from Plated’s acquirer, Defendant, Albertsons Companies, Inc. Plated had failed to reach any of the earnout milestones set forth in the Merger Agreement and Albertsons, therefore, refused to make any earnout payments.
In the Merger Agreement, Albertsons had bargained for the right to operate Plated post-closing in its discretion. However, the foregoing right was limited by Albertson’s express commitment not to operate Plated in a manner intended to avoid the obligation to pay the earnout.
Insider buying can be an encouraging signal for potential investors, especially when markets are near all-time highs. A SPAC, a couple of retailers and a .
NH Business Review
Claremont-based IT services provider sees ‘endorsement of our potential’
June 3, 2021
Red River CEO Alan Dumas
Red River Technology, the New Hampshire-based provider of managed IT services, has been acquired by an affiliate of private equity firm Cerberus Capital Management.
The company’s founding shareholders, most of whom are members of the management team, along with Acacia Partners of Austin, Texas, a private equity firm that made an investment in Red River in 2018.
The acquisition was announced Tuesday. No transaction price was announced. Cerberus, based in New York, is a major private equity firm whose investments include Albertsons Companies Inc., Toshiba Corp. and Deutsche Bank.
Should Value Investors Buy Albertsons Companies, Inc (ACI) Stock? yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.