Shareholder rights plans, commonly known as “poison pills,” are arrangements that can be used by companies to stave off hostile takeovers or activist investors seeking to exert control over a company without paying a control...more
9/1/2020
/ Beneficial Owner ,
Board of Directors ,
Coronavirus/COVID-19 ,
Hostile Takeover ,
Institutional Investors ,
Net Operating Losses ,
Poison Pill ,
Proxy Advisory Firms ,
Securities and Exchange Commission (SEC) ,
Shareholder Rights ,
Shareholders ,
Stock Drop Litigation
On May 14, 2020, the New York Stock Exchange (the "NYSE") adopted a temporary rule waiving until June 30, 2020 additional key shareholder approval requirements for certain private investments in public equity ("PIPE") and...more
Recent market conditions and volatility due to the COVID-19 pandemic have produced an environment in which traditional securities offerings may prove challenging for public companies. At the same time, the global economic...more