Private Equity Law360 provides breaking news and analysis on private equity deals and the attorneys involved. Coverage includes high-impact deals, related litigation and enforcement actions, and policy developments that affect private equity firms.
Shareholders of trade security firm Authentix Inc. contended Friday the Delaware Chancery Court wrongly determined they waived their rights to an appraisal following a private equity takeover, arguing a Delaware corporation cannot use a shareholder agreement to strip rights protected by state law.
Finland-based privately held special purpose vehicle Mascot Bidco Oy said Friday it has agreed to buy all of the issued and outstanding shares in sporting goods company Amer Sports Corp. for €4.6 billion ($5.2 billion) in a deal that will see an investor consortium indirectly own 100 percent of Mascot Bidco.
The U.S. Treasury Department’s decision to limit interest expense deductions for certain foreign affiliates of multinational corporations could force businesses to undertake complex calculations and puts them at a risk of paying more tax on global income.
Paul Hastings LLP has represented a joint venture of funds managed by Trinity Real Estate Investments LLC and Elliott Management Corp. in the acquisition of the Grande Lakes Orlando Resort in Florida, a 409-acre complex that includes two luxury hotels, the law firm said Thursday.
Uber filed confidential paperwork to start moving toward an initial public offering, ByteDance is reportedly looking to raise roughly 10 billion Chinese yuan ($1.45 billion) and WuXi AppTec nabbed more than $1 billion in its Hong Kong initial public offering.