Steven Davidoff Solomon writes for The New York Times, Nov. 3, 2015
The S.E.C. will now require that when a company is acquired by or acquires another company, there must be a separate vote for each corporate governance change put in place by the deal.
Steven Davidoff Solomon writes for The New York Times, Oct. 30, 2015
Rural/Metro was the first case in which a court held an investment bank liable for monetary damages. … The case has turned into a referendum on when banks should be held liable for misdeeds and whether Delaware courts are too harsh on banks.
Steven Davidoff Solomon writes for The New York Times, Oct. 27, 2015
The recent turmoil in the shares of Valeant Pharmaceuticals International reveals a dangerous tendency of these funds to engage in herd behavior, following the crowd as they plunge in and out of a stock.
Steven Davidoff Solomon writes for The New York Times, Oct. 21, 2015
While the fears of cord cutting, declining viewership and sinking ad revenues have hit media stocks more generally, Viacom has been particularly buffeted by the viewer falloff.
Steven Davidoff Solomon interviewed by Marketplace, Oct. 13, 2015
“Essentially, we’re getting bigger and bigger companies that need global proportions to survive and prosper,” said Steven Davidoff Solomon. …. “In a number of markets, you’re going from four players to three, possibly three players to two. And companies are trying to get dominant positions in the market before they themselves are acquired.”
Steven Davidoff Solomon writes for The New York Times, Oct. 13, 2015
So Dell is triumphantly, if not quite openly, returning to the public markets. The only difference is that Dell’s equity will be controlled by Michael Dell, Silver Lake and the rest of the buyout group. There will be no pesky shareholder to deal with who can influence this group.
Steven Davidoff Solomon writes for The New York Times, Oct. 13, 2015
It all seems so fantastic — what could be wrong with a company with a social purpose? Don’t we all want to make the world a better place? Well, the eye-grabbing do-gooding may mask deep, complicated issues.
Steven Davidoff Solomon interviewed for The Recorder (registration required), Oct. 12, 2015
With public deals, there’s the disclosure issue, which is significant. It’s just the nature of the beast. When you’re going quick, you work off the form, you try and keep your head, and you try and get people to read it. But to say go slower is like saying ‘Don’t fly airplanes so they don’t crash.’ It’s just inherent.
Steven Davidoff Solomon writes for The New York Times, October 7, 2015
Call it the hostile “nudge.” Anheuser-Busch InBev’s $104 billion offer to acquire SABMiller is all about trying to nudge SABMiller into accepting the deal without Anheuser-Busch InBev having to go into full-fledged hostile bid mode.
Steven Davidoff Solomon writes for The New York Times, Oct. 6, 2015
Delaware’s courts have put the sometimes questionable roles of investment banks in merger deals firmly in their cross hairs. But are the courts going too far? The latest case is a lawsuit against Bank of America Merrill Lynch over Signet’s $1.4 billion buyout of the Zale Corporation.