What is a bulk sale clearance certificate, and how is a bulk sale clearance certificate related to a Pennsylvania real estate transaction? In Pennsylvania, a bulk sale clearance certificate must be obtained in all transactions involving the sale of fifty-one or more percent of the assets of a business, including…
In Edward Kang’s March 2016 civil litigation column in The Legal Intelligencer and the Pennsylvania Law Weekly, he writes on the issue of M&As and Attorney-Client Privilege of Selling Corporations. Courts have long recognized that the attorney-client privilege extends to corporations, as in Upjohn v. United States, 449 U.S. 383 (1981).…
As a business owner, you want to make sure that your company successfully continues for generations to come. So, when you eventually retire or step down from your position, it is important to consider how you want to proceed with passing on your business to the next generation. Consider the…
It was announced on July 30, 2014 that Chicago Mercantile Exchange Group, Inc. (“CME”), the world’s largest future exchange operator, would purchase GFI Group, Inc. for a net price of $655 million.[1] GFI Group was targeted for its two units that would boost CME’s influence in the global market, Trayport and…
1. Define your goals. What is your ultimate goal in transitioning your business? Do you plan on funding your retirement through this transition? Is it to leave a legacy? The reason behind your desire to transition will determine how you proceed. 2. Plan & Implement Your Strategies. Create a clear plan as you move…
Google is back in the news with another large sale M&A transaction, but this time, as the seller. In May of 2012, Google purchased Motorola for $12.5 billion in an effort to create a new means of producing hardware to operate the Android operating system. Well this week, it seems…
Many large corporations continue to flex their financial strength even in the modern economy, serving as an example to many smaller businesses that 2014 is the perfect time to expand. Recently, mega giant Google bought smart home device designing… A Market of Acquisitions and Mergers Many large corporations continue to flex…