Buy-Sell Agreements Stories
A Tortuous Buy-Sell Agreement Process
One day a number of years ago, I received a call from an attorney. On that initial call, he told me about a bizarre buy-sell agreement process that was underway. The attorney represented a company. Based on a buy-sell agreement of some age, an option provided by the agreement had been triggered, and one of the companies had the right to acquire the company at its fair market value.
The Quantitative Marketability Discount Model’s (QMDM) 20th Anniversary
We celebrate the 20th anniversary of the Quantitative Marketability Discount Model (QMDM) in this post.
What Kind of Value is Statutory Fair Value?
Kentucky Supreme Court Provides Guidance
Several years ago, I wrote about the most recent appellate level case in Kentucky (Shawnee Telecom Resources, Inc. v. Kathy Brown) addressing the question of statutory fair value in Kentucky. Given several recent conversations with Kentucky clients, a revisit of that case seems appropriate.
Buy Sell-Agreements Stories
The Austin Story
I’ve said many times that, if you are so foolish as to have a fixed price buy-sell agreement, it is necessary to reset the price on a regular basis. What I should have said is that if the price on a fixed-price buy-sell agreement is reset regularly, it is absolutely necessary that it be a price that is appropriate for all shareholders, whether they are future buyers or sellers under their agreements.
Buy-Sell Agreements Stories
The William Story
Corporate Finance Basics for Directors and Shareholders
Today I’m sharing the video, Corporate Finance Basics for Directors and Shareholders, as well as the transcript from the video. In the presentation, Travis W. Harms, CFA, CPA/ABV, senior vice president of Mercer Capital, offers a short, yet thorough, overview of corporate finance fundamentals for closely held and family business directors and shareholders.
Dividend Policy Is Part of Corporate Finance for Private Companies
Business owners are faced with three universal questions as they run their businesses. These questions are addressed by every business every year, one way or the other, directly or indirectly, consciously or unconsciously. This post addresses these three questions.
SoftBank’s Uber Deal Hits Snag
Some Shareholders Say Offer Too Low Amidst More Bad News for Uber
Softbank wants to invest $10 billion in Uber, mostly by buying existing stock from shareholders. However, some shareholders resist, apparently thinking the price is too low. And there’s more bad news for Uber in London.
2017 Extraordinary Banking Awards
Advice for Community Bankers and the Rest of Us
I recently attended the 2017 Extraordinary Banking Awards ceremony hosted by the Emmerich Group. I was honored to be a judge. I also learned several good things from being there and share the ideas in this post.