The aggregate disclosed value of announced M&A transactions involving Canadian companies in the first nine months of 2004 was C$86.5 billion, up 38% from C$62.7 billion for the first nine months of 2003. Included in this total is C$44.0 billion of acquisitions or sales of foreign companies by Canadian companies (as compared to C$36.5 billion of such acquisitions or sales of foreign companies in the corresponding period of 2003).
This article summarizes how the SEC is closely scrutinizing directed share programs and outlines how to properly administer these types of programs.
The United States Department of Justice ("DOJ") announced on April 30, 1999 that its antitrust division has commenc.
This update summarizes the new audit committee rules which took effect in the year 2000.
After a dismal market for Canadian and U.S. technology companies from 2001 through 2003, 2004 demonstrated an improving environment in terms of both increased revenues and stock performance.
The First Circuit Court of Appeals recently affirmed that Section 11 of the Securities Act of 1993 (the "1933 Act").
N.J. State Regulators Have Authority to Block Out-of-State Sales of Non-N.J. Registered Securities Ruling on the.
This alert discusses the SEC regulations that require that venture funds and others who purchase privately-issued securities of a publicly-trade company must file a Schedule 13-G with the SEC if the fund and related persons hold in excess of 5% of the outstanding shares following an initial public offering (IPO) of the company.
A generation or more ago, if you thought to combine a dining experience with an entertainment experience, you had t.
Overview In reviewing registration statements for initial public offerings, the SEC's staff routinely analyzes.
This article reviews items a private company must consider in taking a corporation public.
The Securities and Exchange Commission's Division of Market Regulation has extended until December 15, 1999 its no-.
The last several months have seen a dramatic turn-around in the market for initial public offerings in the U.S. by Chinese companies. Companies such Linktone Ltd., which Morrison & Foerster LLP represented in its global IPO and continues to represent in ongoing compliance and corporate work, have recently raised significant money on Nasdaq or the New York Stock Exchange and received significant press coverage worldwide.
In the last few years, owners of closely-held businesses in many industries have been courted by a rollup team that.
This article provides some tips on making the transition from pre-IPO status to running a public corporation. It focuses on the disclosure and accounting requirements for public companies.
After a dismal market for Canadian and U.S. technology companies from 2001 through 2003, 2004 demonstrated an improving environment in terms of both increased revenues and stock performance. Revenues generally grew among technology companies, but growth was choppy. Certain technology sectors performed well, while others-notably the telecommunication equipment manufacturers-continued to struggle.
IPO Market Looks To Broaden Its Base Historically, the IPO market has been tied to the same economic factors that .
Introduction Over the last number of years, several African Governments have embarked on privatization programs..
To take advantage of escalating first day trading prices for many technology companies, venture capitalists often .
A generation or more ago, if you thought to combine a dining experience with an entertainment experience, you had t.
Physician practice management companies ("PPMCs") have emerged as one of the dominant new faces in health care cons.
We frequently are asked by our investment banking clients whether their colleagues in the research department can issue a research report on a company about to launch a financing.
Deciding whether to "go public" is one of the most important decisions a successful private company can make. "Goi.
As several Wall Street Journal articles recently have highlighted, when pricing a deal near the end of a fiscal qu.
There have been significant developments in income funds and similar offerings (generically referred to in this article as "income security offerings") that are based on cash flows from U.S.-based businesses and assets and are offered, in whole or in part, to Canadian investors. In this article, we take a closer look at the key issues that have arisen with respect to the current generation of cross-border income security offerings.
This article is intended to provide, for foreign companies who may be considering an initial public offering, an introduction to some of the issues that should be considered.
Income funds have become increasingly popular in Canada in recent years and have become an investment vehicle of choice for many investors. Private and public companies have found the income fund structure to be a very effective way to raise capital, enhance value and provide liquidity for their shareholders.
Hot companies, inflated stock prices and aggressive acquisition strategies will most likely result in a lot of goodwill being carried on the books of the acquiring company. Since traditional goodwill was defined as the excess of the purchase price over net assets, it could also include purchase price overpayments, anticipated but unrealized synergies, and other intangible assets having an estimated life much shorter than the traditional 40-year amortization period.
Contrary to conventional wisdom, initial public offerings (IPOs) are thriving.
The Securities and Exchange Commission (the "SEC") is soliciting comment on a proposed rule filed by the National A.
The decision to take a company public in the form of an initial public offering (IPO) should not be considered.
The aggregate disclosed value of announced M&A transactions involving Canadian companies in the first nine months of 2004 was C$86.5 billion, up 38% from C$62.7 billion for the first nine months of 2003. Included in this total is C$44.0 billion of acquisitions or sales of foreign companies by Canadian companies (as compared to C$36.5 billion of such acquisitions or sales of foreign companies in the corresponding period of 2003).
Designing effective compensation programs is never easy. Supporting shareholder value creation, motivati.