by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Kamikaze Defense? A kamikaze defense is a strategy used by a target company to foil a takeover bid by another company. When this strategy is used by a company, it entails the target company inflicting harm on itself to make itself unattractive to the...
by Jason M. Gordon | Feb 23, 2025 | Business Transactions, Antitrust, & Securities Law
What is a Letter Of Comment?A letter of comment is a letter that the Securities and Exchange Commission (SEC) sends a company as a response to a request or registration statement filed by a company. Companies and individuals can also send a letter of comment as a...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Corporate Governance Rating? Corporate governance is defined as a set of rules, mechanisms and practices that inform how a corporation is being operated or managed. Essentially, corporate governance drives transparency, fairness and accountability between a...
by Jason M. Gordon | Feb 23, 2025 | Business Transactions, Antitrust, & Securities Law
What is Preferred Equity Redemption Stock?The Preferred Equity Redemption Stock (PERC) is a type of security that must be converted at maturity. It can be converted to a regular common stock if certain conditions are met. PERCs can also undergo an early redemption at...
by Jason M. Gordon | Feb 23, 2025 | Insurance & Risk Management
What is an Assumed Interest Rate? The assumed interest rate (AIR) refers to an interest rate or growth rate used by an insurance company to calculate the value of an annuity contract and its payout. An insurance company determines AIR and it serves as the benchmark...
