Everything you need to know about Reverse Shell Mergers by Ralph Amato
In fact, some of today’s leading companies had their roots in shell mergers. For example, Turner Broadcasting System was the result of a merger that Ted Turner engineered with a public shell called Rice Broadcasting in 1970. Occidental Petroleum, Blockbuster Entertainment and Radio Shack also hatched from shell mergers. Lets’ not forget Berkshire Hathaway and [...]
Reverse mergers have a chequered past. During the 1970s and 1980s unscrupulous promoters used reverse shell mergers to deceive investors… they would form new public shells, raise money from investors, and then take that money in the form of fees, salaries, perks and other “management fees”. In many cases, investors were bilked out of millions [...]
When the public company has minimal operations, it is called a shell. Thus, the term “Reverse Shell Merger”. What happens in a reverse merger? Basically, a private company (the “Buyer”) merges into public one. The private company purchases control of the public company, at least 51%, and merges into it. When the merger [...]
So what are the main differences between OTCBB and Pink Sheet shells? There are several and it is like comparing apple to oranges. Let me explain.
OTCBB Shells
Over the Counter Bulletin Board (OTCBB) shells are public companies that are fully reporting. In other words they file quarterly reports (10Q) and annual reports (10K) [...]
Out of the total 1,419 IPOs floated globally in 2006, 23 offerings were conducted in the Gulf region with a combined value of $7.5 billion, and another 17 in the other Arab countries with a total value exceeding $700 million.
Read the rest of the story:
http://archive.gulfnews.com/articles/07/03/24/10113168.html
Bookmark to:
SEC Approves NYSE Initial Listing Fee Relief
Morrison Foerster – September 2006
Recent Fee Relief Intensifies Competition Between NYSE and NASDAQ
Intensified competition between NYSE and NASDAQ for company listings could provide a unique cost-saving opportunity to companies that are considering a near-term listing on NYSE but do not initially meet NYSE’s listing qualifications. The SEC recently approved [...]
M. Ridgway Barker is Chair of the Corporate Finance & Securities Practice Group of Kelley Drye & Warren LLP. Randi-Jean G. Hedin is a Partner in the Corporate Finance & Securities Practice Group. Acknowledgement is given to Kristen A. Hartofilis , an Associate at Kelley Drye & Warren LLP, for her efforts in the preparation [...]
BusinessWeek Online
March 5, 2007
To get listed overseas, companies are getting U.S.-traded outfits to buy them.
Big-ticket IPOs in New York and Hong Kong for Chinese banks and insurance companies make headlines. But in recent years another class of Chinese company has been quietly tapping the international capital markets. Enterprises that don’t have the heft or profits [...]
An Analysis of Trading Activity around Reverse Mergers
This is an excellent research report written by academics on the history of Shells with analysis of comparative costs and time frames to go public for IPO’s versus Reverse Mergers.
To read the report please go to:
http://www.fma.org/SLC/Papers/Shell_Companies_as_IPO_Alternatives.pdf
Bookmark to:
The Denver Business Journal – July 28, 2006
by Renee McGaw
Denver Business Journal
Don’t suggest to Tim Keating, President of Keating Investments, that reverse mergers have a less-than-stellar reputation. He’s heard it all. He even used to keep a file of negative press clippings, until he got bored with it and stopped.
But in the past few [...]
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Feb | Apr » | |||||
| 1 | 2 | 3 | 4 | |||
| 5 | 6 | 7 | 8 | 9 | 10 | 11 |
| 12 | 13 | 14 | 15 | 16 | 17 | 18 |
| 19 | 20 | 21 | 22 | 23 | 24 | 25 |
| 26 | 27 | 28 | 29 | 30 | 31 | |