IN THIS ISSUE
A Win for Deal Certainty, Delaware Court of Chancery Orders Closing of Cake Supplier Acquisition; Under Armour to Pay $9M to Settle SEC Charges Involving Disclosure Failures; First Circuit Upholds Decision Applying Federal Securities Laws to Solicitation of Foreign Investors; Delaware Court of Chancery Applies Business Judgment Rule in Dismissing Buyout Action Against Icahn.
On April 30, 2021, in
Snow Phipps Group, LLC v. KCake Acquisition, Inc. (Del. Ch.), Chancellor Kathaleen S. McCormick issued an order compelling affiliates of Kohlberg & Company, LLC to close their planned $550 million acquisition of DecoPac Holdings Inc., a supplier of cake decorations and technology for use in supermarket bakeries. Opening with a quote from Julia Childs (“A party without cake is just a meeting”), the court describes the decision as a “victory for deal certainty” and offers a detailed analysis of several common contractual provisions, and their operation, during the
SPACs – Hedging Risks in Light of SEC s Urge for Market Slowdown | Burns & Levinson LLP
jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Blank Rome Expands White Collar Team with Partner Jennifer
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Mr. Sergio Pombo Joins SolarWindow to Lead Government Relations & Public Funding
April 26, 2021 08:30 ET | Source: SolarWindow Technologies, Inc. SolarWindow Technologies, Inc. New York, New York, UNITED STATES
NEW YORK and SEOUL, South Korea, April 26, 2021 (GLOBE NEWSWIRE) SolarWindow Technologies, Inc. (Symbol: WNDW), developer of transparent LiquidElectricity™️ coatings and processes which generate electricity on plastics and glass, today announced the appointment of Mr. Sergio Pombo as Senior Advisor, Government Relations and Public Funding. Working with institutional clean energy investors, Mr. Pombo is Co-Founder of Berkana Private Equity, LLC and a Member of the Center for Study of the US Presidency and Congress. Previously, he founded and served as Head of the private equity practice at the Green Climate Fund (GCF). GCF is the largest climatic fund for emerging markets. GCF secured an initial $3 billion capital co
Cornerstone Total Return Fund, Inc. Announces Completion of Rights Offering
NEW YORK, May 17, 2021 (GLOBE NEWSWIRE) Cornerstone Total Return Fund, Inc. (the “Fund”) (NYSE American: CRF) is pleased to announce the completion of its one-for-three rights offering which expired on Friday, May 14, 2021 (the “Offering”). The Offering was over-subscribed. Under the terms of the Offering, record date stockholders were entitled to purchase one newly issued share of common stock of the Fund for every three rights held. The subscription price for each newly issued share was determined to be $10.23 which, under the terms of the prospectus, was equal to the greater of (i) 107% of net asset value per share as calculated at the close of trading on the date of expiration of the Offering and (ii) 80% of the market price per share at such time.