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Backdoor Listing
A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public company is bought by the private company through an asset swap and share issue. The transaction typically requires reorganization of capitalization of the acquiring company. Process In a reverse takeover, shareholders of the private company purchase control of the public shell company/ SPAC and then merge it with the private company. The publicly traded corporation is called a "shell" since all that exists of the original company is its organizational structure. The private company shareholders receive a substantial majority of the shares of the public company and control of its board of directors. The transaction can be accomplished within weeks. The transaction involves the private and shell company exchanging information on each other, nego ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ValuJet Airlines
ValuJet Airlines, later known as AirTran Airlines after joining forces with AirTran Airways, was an ultra low-cost U.S. airline, headquartered in unincorporated Clayton County, Georgia, that operated regularly scheduled domestic and international flights in the Eastern United States and Canada during the 1990s. The company was founded in 1992 and was notorious for its sometimes dangerous cost-cutting measures. All of the airline's planes were purchased used from other airlines; very little training was provided to workers; and contractors were used for maintenance and other services. The company quickly developed a reputation for safety issues. In 1995, the military refused ValuJet's bid to fly military personnel over safety worries, and officials at the FAA wanted the airline to be grounded. The crash of Flight 592 in 1996, which was caused by an on-board fire resulting from improperly stored hazardous materials on board, spelled doom for the airline. ValuJet was grounded t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citadel Media
Cumulus Media Networks was an American radio network owned and operated by Cumulus Media. From 2011 until its merger with Westwood One, it controlled many of the radio assets formerly belonging to the American Broadcasting Company (ABC), which was broken up in 2007; Cumulus owned the portion of the network that was purchased by Citadel Broadcasting that year. The network adopted its final name in September 2011, following Cumulus's acquisition of Citadel; prior to this, it had been known as Citadel Media Networks since April 2009, after licensing the "ABC Radio Networks" name from The Walt Disney Company for nearly two years. ABC now operates a revived ABC Radio Network that owns no stations but produces mostly short-form audio content. It was also (as ABC Radio Networks) the penultimate of the major radio networks to still be owned by its original founding company until 2007, CBS Radio being the last. Mutual Broadcasting Network was dissolved in 1999, and then NBC Radio Netw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Company
A mutual organization, or mutual society is an organization (which is often, but not always, a company or business) based on the principle of mutuality and governed by private law. Unlike a true cooperative, members usually do not contribute to the capital of the company by direct investment, but derive their right to profits and votes through their customer relationship. A mutual organization or society is often simply referred to as ''a mutual''. A mutual exists with the purpose of raising funds from its membership or customers (collectively called its ''members''), which can then be used to provide common services to all members of the organization or society. A mutual is therefore owned by, and run for the benefit of, its members – it has no external shareholders to pay in the form of dividends, and as such does not usually seek to maximize and make large profits or capital gains. Mutuals exist for the members to benefit from the services they provide and often do not pay ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NYSE Group
NYSE Euronext, Inc. was a transatlantic multinational financial services corporation that operated multiple securities exchanges, including the New York Stock Exchange, Euronext and NYSE Arca (formerly known as ArcaEx). NYSE merged with Archipelago Holdings on March 7, 2006, forming NYSE Group, Inc. On April 4, 2007, NYSE Group, Inc. merged with Euronext N.V. to form the first global equities exchange, with its headquarters in Lower Manhattan. The corporation was then acquired by Intercontinental Exchange, which subsequently spun off Euronext. Overview NYSE Euronext offers a broad and growing array of financial products and services in cash equities, futures, options, exchange-traded products (ETPs), bonds, market data, and commercial technology. Spanning multiple asset classes and six countries, the company's exchanges include the New York Stock Exchange, Liffe, Euronext and NYSE Arca. With more than 8,000 listed issues (which includes 90% of the Dow Jones Industrial Average ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, securiti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11 Bankruptcy
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
America West Airlines
America West Airlines was a major American airline, founded in 1981, with service commencing in 1983, and having reached US$1 billion in annual revenue in 1989, headquartered in Tempe, Arizona. At the time of its acquisition of US Airways, America West had the unique distinction of being the only post-deregulation U.S. airline still operating under its original operating certificate. Their main hub was at Phoenix Sky Harbor International Airport, with a secondary hub at Harry Reid International Airport in Las Vegas. The airline acquired US Airways in 2005 but took on the name of US Airways. America West served about 100 cities in the US, Canada, and Mexico; flights to Europe were on codeshare partners. In September 2005, the airline had 140 aircraft, with a single maintenance base at Phoenix Sky Harbor Airport. Regional jet and turboprop flights were operated on a code sharing basis by Mesa Airlines and Chautauqua Airlines as America West Express. Beginning in January 2006, all ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Airways
US Airways (formerly USAir) was a major United States airline that operated from 1937 until its merger with American Airlines in 2015. It was originally founded in History of aviation in Pittsburgh, Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. A decade later it had acquired Piedmont Airlines (1948–1989), Piedmont Airlines and Pacific Southwest Airlines (PSA), and was one of the U.S.'s seven transcontinental legacy carriers. In 1997, it rebranded as US Airways. The airline had an extensive international and domestic network, with 193 destinations in 24 countries in North America, South America, Europe, and the Middle East. The airline was a member of the Star Alliance, before becoming an affiliate mem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JT Storage
JT Storage, Inc. (also known as JTS Corporation) was a maker of inexpensive Advanced Technology Attachment, IDE hard drives for personal computers based in San Jose, California. It was founded in 1994 by Sirjang Lal Tandon, "Jugi" Tandon—the inventor of the double-sided floppy disk drive and founder of Tandon Corporation—and Tom Mitchell, a co-founder of Seagate Technology, Seagate and former president and Chief Operating Officer of both Seagate and Conner Peripherals. The company later reverse takeover, reverse-merged with Jack Tramiel's Atari Corporation in 1996, sold all Atari assets to Hasbro Interactive in 1998 and was finally declared bankrupt in 1999. History Early years and products JTS initially focused on a new 3" form-factor drive for laptop, laptops. The 3" form factor allowed a larger drive capacity for laptops with the existing technology. Compaq was actively engaged in qualifying these drives and built several laptops with this form factor drive. Lack ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atari
Atari () is a brand name that has been owned by several entities since its inception in 1972. It is currently owned by French publisher Atari SA through a subsidiary named Atari Interactive. The original Atari, Inc. (1972–1992), Atari, Inc., founded in Sunnyvale, California, in 1972 by Nolan Bushnell and Ted Dabney, was a pioneer in arcade games, home video game consoles and home computers. The company's products, such as ''Pong'' and the Atari 2600, helped define the electronic entertainment industry from the 1970s to the mid-1980s. In 1984, as a result of the video game crash of 1983, the home console and computer divisions of the original Atari Inc. were sold off, and the company was renamed Atari Games, Atari Games Inc. Atari Games received the rights to use the logo and brand name with appended text "Games" on arcade games, as well as the derivative coin-operated arcade rights to the original 1972–1984 arcade hardware properties. The Atari Consumer Electronics Division ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aérospatiale-Matra
Airbus SE (; ; ; ) is a European Multinational corporation, multinational aerospace corporation. Airbus designs, manufactures and sells civil and military aerospace manufacturer, aerospace products worldwide and manufactures aircraft throughout the world. The company has three divisions: ''Airbus Commercial Aircraft, Commercial Aircraft (Airbus S.A.S.)'', ''Airbus Defence and Space, Defence and Space'', and ''Airbus Helicopters, Helicopters'', the third being the largest in its industry in terms of revenues and turbine helicopter deliveries. As of 2019, Airbus is the world's largest airliner manufacturer. The company's main civil aeroplane business is conducted through the French company Airbus S.A.S., based in Blagnac, a suburb of Toulouse, with production and manufacturing facilities mostly in the European Union and the United Kingdom but also in China, the United States and Canada. Final assembly production is based in Toulouse, France; Hamburg, Germany; Seville, Spain; Tia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
