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Innisfree M&A Incorporated Again Leads Top Activism Solicitation Rankings
January 8, 2021 GMT
NEW YORK (BUSINESS WIRE) Jan 8, 2021
Innisfree has been named the top proxy solicitor for companies globally and in the U.S. by Bloomberg’s 2020 Global Activism Market Review, both in terms of number of engagements and the value of activists’ stakes. Innisfree also earned the top company proxy solicitor award in Activist Insight’s 2020 Adviser Award competition, based on number of company representations in activist situations. Innisfree has topped both league tables since their inception.
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NEW YORK, Dec. 23, 2020 /PRNewswire/ Royce Global Value Trust, Inc. (NYSE: RGT) (the Fund ) today announced the final results of its tender offer for up to 50% of its issued and outstanding shares of common stock, par value $0.001 per share, as of October 12, 2020 (the Shares ). As of such date, 50% of the Fund s issued and outstanding Shares amounted to 5,251,735 Shares.
As previously announced, the tender offer expired at 11:59 p.m., New York City time, on December 21, 2020. In accordance with the terms and conditions of the tender offer, because the number of Shares tendered by stockholders exceeds the number of Shares offered to be purchased by the Fund, the Fund will purchase Shares from tendering stockholders on a pro-rata basis (disregarding fractional Shares). Immediately following the purchase of the tendered Shares, the Fund will have approximately 5,251,735 issued and outstanding Shares. The final results of the ten
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NEW YORK, Dec. 22, 2020 (GLOBE NEWSWIRE) South Mountain Merger Corp. (NASDAQ:SMMC) ( South Mountain ), a publicly traded special purpose acquisition company, today announced that it has set January 12, 2021 as the meeting date for the special meeting of stockholders (the Special Meeting ) to consider matters related to the proposed business combination (the Business Combination ) with Factor Systems, Inc. (d/b/a Billtrust) ( Billtrust ).
At the Special Meeting, South Mountain s stockholders will be asked to approve and adopt the previously announced Business Combination Agreement (as amended on December 13, 2020, the BCA ) and other such proposals as disclosed in the proxy statement/consent solicitation statement/prospectus relating to the Business Combination. Holders of South Mountain s shares of Class A Common Stock and Class B Common Stock at the close of business on the record date of December 17, 2020 are entitled to notice of the virtual Special Meeting and to
First Reserve Announces Waiver of Inside Date Condition
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STAMFORD, Conn. and HOUSTON, Dec. 22, 2020 /PRNewswire/ First Reserve Fund XIV, L.P. ( First Reserve ) announced today that its affiliates, FR Utility Services, Inc. ( Parent ) and FR Utility Services Merger Sub, Inc. ( Merger Sub ) have waived the Inside Date Condition described in the Offer to Purchase, as amended, in connection with the previously announced all-cash tender offer for $7.00 per share for all of the issued and outstanding shares of common stock of The Goldfield Corporation (NYSE American: GV). All other terms and conditions of the tender offer remain unchanged.
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NEW YORK, Dec. 22, 2020 /PRNewswire/
Royce Global Value Trust, Inc. (NYSE: RGT) (the Fund ) today announced the preliminary results of its tender offer for up to 50% of its issued and outstanding shares of common stock, par value $0.001 per share, as of October 12, 2020 (the Shares ). As of such date, 50% of the Fund s issued and outstanding Shares amounted to 5,251,735 Shares. The tender offer expired at 11:59 p.m., New York City time, on December 21, 2020.
Based on preliminary information provided to the Fund by Computershare Inc. and its wholly-owned subsidiary, Computershare Trust Company, N.A., the depositary for the tender offer, approximately 6,240,642 Shares were properly tendered. In accordance with the terms and conditions of the tender offer, because the number of Shares tendered by stockholders exceeds the number of Shares offered to be purchased by the Fund, the Fund will purchase Shares from tendering stockholders on a pro-rata basis (dis