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Shareholders Share Buybacks

White & Case LLP

Overview of OJK's New Shares Buyback Regulation: Key Changes and Implications

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On December 29, 2023, the Indonesia's Financial Services Authority (Otoritas Jasa Keuangan or "OJK") issued a new regulation, OJK Regulation No. 29 of 2023 (the "New Regulation"), which revokes the previous OJK Regulation No....more

Skadden, Arps, Slate, Meagher & Flom LLP

Hong Kong Regulatory Update - November 2023

查看中文 This update provides an overview of key regulatory developments in the third quarter relevant to companies listed, or planning to list, on The Stock Exchange of Hong Kong Limited (HKEx) and their advisers. It covers...more

Katten Muchin Rosenman LLP

You Say Hello. I Say Goodbye: The DnaNudge Case and Differences of Opinion on Share Conversions and Other Variations of Class...

Following a recent Court of Appeal decision, investors, portfolio companies and their advisers should be aware that English courts may, on occasion, adopt seemingly strained interpretations of ambiguous or unclear contract...more

Jones Day

Amendments to the Hong Kong Codes on Takeovers and Mergers and Share Buybacks

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In Short - The Situation: Certain provisions of the current Codes on Takeovers and Mergers and Share Buybacks of Hong Kong (the "Codes") may cause confusion to companies and relevant stakeholders in complying with the...more

Skadden, Arps, Slate, Meagher & Flom LLP

How To Guard Against a Short Attack, and How To Respond if Faced With One

The Nature of Short Selling Attacks and Short Reports - Short selling attacks create unique challenges for boards, management teams and companies. Unlike traditional long activists, whose ultimate goal is to enhance...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Informed Board - Summer 2023

Short sellers make their money by publishing information that attacks a company in order to drive down its share price. How can a company prepare? And what should it not do in the face of a short attack? We offer some tips in...more

Jones Day

Consultation Paper on the Hong Kong Securities and Futures Commission's Proposed Amendments to the Takeovers Codes

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In Short - The Situation: Certain provisions of the current Codes on Takeovers and Mergers and Share Buy-Backs of Hong Kong (the "Codes") may cause confusion to companies and relevant stakeholders in complying with the...more

Bennett Jones LLP

Canada Clarifies and Expands Proposal for Equity Buyback Tax

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In November 2022, we wrote about the federal government's proposal in the 2022 Fall Economic Statement to tax share buybacks by public corporations in our blog, Canada Proposes New Tax On Share Buybacks. At the time, few...more

King & Spalding

IRS and Treasury Issue Interim Guidance on 1% Stock Buyback Tax

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On December 27, 2022, the IRS and Treasury issued Notice 2023-2 (the “Notice”), which provides guidance relating to the application of the new excise tax on repurchases of corporate stock (the “Stock Buyback Tax”) under...more

Pillsbury Winthrop Shaw Pittman LLP

Inflation Reduction Act of 2022 Includes New Corporate Tax Provisions

The new law generally imposes a 15% alternative minimum tax on book income of corporations with book income in excess of $1 billion. Public companies will generally be subject to a 1% excise tax on stock buybacks. ...more

Dorsey & Whitney LLP

Share Buyback Transactions: U.S. Tax Consequences may differ for each U.S. Shareholder

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On Thursday, November 4, 2021, the Office of the Superintendent of Financial Institutions announced that, subject to approval by the superintendent, Canadian banks and other financial institutions may begin repurchasing their...more

Faegre Drinker Biddle & Reath LLP

Revaluing Assets and Liabilities When Paying Dividends or Repurchasing Shares – Delaware Provides New Guidance for Boards

Boards of directors often seek to return cash to stockholders in the form of dividends or stock buybacks. Both methods are common for public companies, and in a private equity-backed company, owners frequently recapitalize...more

Morrison & Foerster LLP

Getting PE Deals In The UK Across The Line, Part 2: Alternative Approaches

A company that has rapidly reached exit stage may have received investment from a number of different sources and will often have a wide shareholder base comprising friends and family, management, ex‑management, VCs, and...more

Faegre Drinker Biddle & Reath LLP

Indiana Supreme Court Rejects Distinction Between Divorce Business Valuations and Compulsory Buyback Valuations

On January 28, 2021, the Indiana Supreme Court decided Hartman v. BigInch Fabricators & Construction Holding Co., rejecting the short-lived distinction between divorce case business valuation discounts from discounts in other...more

A&O Shearman

OJK Clarifies Guidelines for Share Buybacks By Publicly Listed Companies Amid Volatile Covid-19 Coronavirus Market Conditions

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Like in many other jurisdictions, panic selling amid the Covid-19 coronavirus outbreak has caused significant price fluctuations for securities listed on the Indonesian Stock Exchange (IDX)....more

Cooley LLP

Blog: Rulemaking petition seeks to rein in stock buybacks

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Almost 20 organizations, including the AFL-CIO and nonprofit consumer advocacy group Public Citizen, have filed a rulemaking petition with SEC “to revise Rule 10b-18 to curb manipulative practices by firms and encourage...more

White & Case LLP

2019 Hot Corporate Governance Topics - 2019 shareholders' annual meeting of Italian listed companies

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The season for shareholders' annual general meetings is fast approaching, and we would like to take this opportunity to provide our clients and friends with some suggestions that we believe provide strategic flexibility and...more

Cooley LLP

Blog: Shareholder Proposal To Exclude Impact Of Share Buybacks On Executive Compensation

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In 2016, the AFL-CIO submitted several shareholder proposals designed to curb the impact of stock buybacks on executive compensation. The question at the time was whether we would see many more of these proposals. However,...more

Pillsbury Winthrop Shaw Pittman LLP

Five Things to Know about the Tax Cuts and Jobs Act

Even with the bill still in Conference, here are some things businesses should follow closely. Both House and Senate Bills call for deemed repatriation of accumulated foreign profits at reduced tax rates. ...more

Cooley LLP

Blog: Results of ISS global survey reveal strong opinions on board gender diversity and mixed views on multi-class capital...

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ISS recently released the results of its 2017-2018 global policy survey. The respondents, mostly from the U.S., included 131 investors, 382 corporate issuers, 46 consultants/advisors, 28 corporate directors and 13...more

Knobbe Martens

Philips Acquires Spectranetics for $2.16 Billion

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According to a June 28, 2017 press release, Dutch healthcare company Philips has agreed to buy Colorado Springs-based Spectranetics Corporation, a cardiac device manufacturer, for approximately 1.9 billion euros ($2.16...more

Dorsey & Whitney LLP

SEC Commissioner Stein On “Short-termism” and Corporate Boards

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Two issues of continued importance to shareholders and the U.S. capital markets were recently discussed by SEC Commissioner Kara Stein. One the Commissioner called “short-termism” while the other focuses on the composition of...more

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