11/11/11 Was A Record Day For Section 25102(f) Filings!

I’ve previously written about California’s on-line database for securities filings which is known as Cal-EASI (See “California’s Big EASI“).  Recently, I noticed what is very likely to be a record busting day for Section 25102(f) filings.

On November 11, 2011, one issuer filed a total of 20 notices disclosing an astonishing aggregate transaction value of $1,686,187,868.50!  The issuer reported that the total money value for these transactions was in excess of $1.5 billion and the value of other consideration exceeded $185 million.*  One notice alone disclosed a total transaction value in money of just under $1 billion.  I haven’t checked the record books, but this notice may well be the largest transaction value ever reported to the Department of Corporations pursuant to Section 25102(f).

Please see full article below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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