DeBevoise

Clayton, Dubilier & Rice Completes Acquisition of Cornerstone Building Brands

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Lunedì, Luglio 25, 2022
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Shareholder, LLP, DeBevoise, R, Acquisition, UBS, Goldman Sachs, Company, Corporation, RBC Capital Markets, Barclays, Industry, Jefferies, U.S. Securities and Exchange Commission, Forward-looking statement, Wachtell, Lipton, Rosen & Katz, Kirkland & Ellis, SEC, Culture, Clayton, Dubilier & Rice, Martha Plimpton, Centerview Partners, Compliance, Société Générale, Securities Act of 1933, Securities Exchange Act of 1934, New, Risk, Oliver Cromwell, CD, COVID-19, Dubilier, BNP Paribas, Special, Sullivan & Cromwell, CD&R, ESG, Growth, Communication, Security (finance), U.S. Bancorp

Cornerstone Building Brands, Inc. (Cornerstone Building Brands or the Company), the largest manufacturer of exterior building products in North America, today announced that Clayton, Dubilier & Rice (CD&R) has successfully completed the acquisition of Cornerstone Building Brands.

Key Points: 
  • Cornerstone Building Brands, Inc. (Cornerstone Building Brands or the Company), the largest manufacturer of exterior building products in North America, today announced that Clayton, Dubilier & Rice (CD&R) has successfully completed the acquisition of Cornerstone Building Brands.
  • The acquisition also received the approval of the holders of a majority of the shares of Cornerstone Building Brands common stock outstanding at the Special Meeting.
  • With the completion of the acquisition, Cornerstone Building Brands common stock has ceased trading and will no longer be listed on the New York Stock Exchange.
  • Cornerstone Building Brands is the largest manufacturer of exterior building products by sales for residential and low-rise non-residential buildings in North America.

To Accommodate Growing Workloads, Boards are Electing Independent Board Chairs, Experimenting with Committee Structures, and Holding More Meetings

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Lunedì, Luglio 18, 2022
Culture, Climate change, Research, Leadership, University, CEO, Science, Business, The Conference Board, Russell 3000 Index, Judgement, Martha Plimpton, Solution, Disclosure, BLC, Associate, S, Center, Program, Conference, Alfred Lerner College of Business and Economics, The University of Delaware, COVID, Corporate governance, Debevoise & Plimpton, Multimedia, Organization, Risk, DeBevoise, Economics, Russell, Senior advisor, NEO, Russell Reynolds Associates, Nature, ESG, Workload, Data mining, Running, Renewable energy, Accounting, Audit, Chemical, Video game, Management, Pharmaceutical industry, Holding company, Propane

NEW YORK, July 18, 2022 /PRNewswire/ --A new report from The Conference Board reveals that boards are increasingly electing independent board chairs.

Key Points: 
  • NEW YORK, July 18, 2022 /PRNewswire/ --A new report from The Conference Board reveals that boards are increasingly electing independent board chairs.
  • Companies are also experimenting with committee structures to address the expanding set of ESG risks and growing workloads.
  • The report includes insights and dataas recent as June 2022relating to board leadership, meetings, and committees at S&P 500 and Russell 3000 boards.
  • It is the second in a three-part series, with the first report examining board composition and the third report (to come) examining board refreshment.

United Insurance Holdings Corp. Announces Review of Strategic and Capital Raising Alternatives

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Mercoledì, Luglio 13, 2022
Insurance, Professional Services, Martha Plimpton, Sale, Insurance, LLC, Company, Review, UIHC, UPC Insurance, Disclosure, DeBevoise, Board, Board of directors

United Insurance Holdings Corp. (Nasdaq: UIHC) (UPC Insurance or the Company), a property and casualty insurance holding company, announced today that its Board of Directors has initiated a review of its strategic and capital raising alternatives.

Key Points: 
  • United Insurance Holdings Corp. (Nasdaq: UIHC) (UPC Insurance or the Company), a property and casualty insurance holding company, announced today that its Board of Directors has initiated a review of its strategic and capital raising alternatives.
  • The Company has retained Insurance Advisory Partners, LLC as its financial advisor and Debevoise & Plimpton LLP as its legal counsel to assist in the review process.
  • Founded in 1999, UPC Insurance is an insurance holding company that sources, writes and services personal and commercial residential property and casualty insurance policies using a group of wholly owned insurance subsidiaries and one majority owned insurance subsidiary through a variety of distribution channels.
  • From its headquarters in St. Petersburg, UPC Insurance's team of dedicated professionals manages a completely integrated insurance company, including sales, underwriting, customer service and claims.

Debevoise Adds Erez Liebermann as Data Strategy & Security Partner

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Lunedì, Giugno 27, 2022
Prudential, Security, The Wall Street Journal, Artificial intelligence, Columbia Law School, Technology, NBC, University, Martha Plimpton, Intelligence, Judgement, District court, Industry, ABC, Supreme Court of New Jersey, Privacy, Hacker, District, DSS, IP, United States Department of Justice Criminal Division, Bureau, Ademco Security Group, Culture, Solution, Prosecutor General's Office of Azerbaijan, Internet, AI, Lawyer, Computer security, Data science, Group, Multimedia, DeBevoise, Medical device, Erez

NEW YORK, June 27, 2022 /PRNewswire/ -- Debevoise & Plimpton LLP announced today that Erez Liebermann has joined the firm's New York office as a partner in the Data Strategy & Security (DSS) Group, where he will focus on leading complex, high-impact cyber-incident response matters for clients and advising on data-related regulatory requirements.

Key Points: 
  • NEW YORK, June 27, 2022 /PRNewswire/ -- Debevoise & Plimpton LLP announced today that Erez Liebermann has joined the firm's New York office as a partner in the Data Strategy & Security (DSS) Group, where he will focus on leading complex, high-impact cyber-incident response matters for clients and advising on data-related regulatory requirements.
  • Prior to joining Debevoise, Mr. Liebermann co-chaired the U.S. cybersecurity and privacy practice of another international law firm where he advised major companies on a broad range of data privacy and cybersecurity issues.
  • In addition to his role as counsel, Mr. Liebermann built and managed Prudential's global technical incident response team and threat hunting team.
  • The Group also regularly assists clients with their overall data strategy, including how to manage, protect, and optimize their data, including through the use of artificial intelligence.

Spirit Airlines Board of Directors to Review Revised Proposal from JetBlue

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Lunedì, Giugno 20, 2022
Transport, Air, Security (finance), Attention, ULCC, Morgan Stanley, Spirit Airlines, Prospectus, Ouija, Frontier Airlines, Travel, Securities Act of 1933, SPIRIT, Communication, Martha Plimpton, JetBlue, AND, Public expenditure, Risk, Private Securities Litigation Reform Act, Human, Tripura Merger Agreement, NASDAQ, SEC, BY, Board, Form, JBLU, Industry, COVID-19, Investor relations, Special, Registration statement, Failure, U.S. Securities and Exchange Commission, Airline, NYSE, Securities Exchange Act of 1934, DeBevoise, Barclays, Company, Register, Growth, THE, Paul, Weiss, Rifkind, Wharton & Garrison, Goal, Sale, Financial adviser, Management, Spirit, Frontier

Spirit Airlines, Inc. (Spirit or the Company) (NYSE: SAVE), today confirmed receipt of a revised proposal from JetBlue Airways ("JetBlue") (Nasdaq: JBLU) to acquire all of the outstanding shares of Spirit's common stock.

Key Points: 
  • Spirit Airlines, Inc. (Spirit or the Company) (NYSE: SAVE), today confirmed receipt of a revised proposal from JetBlue Airways ("JetBlue") (Nasdaq: JBLU) to acquire all of the outstanding shares of Spirit's common stock.
  • Consistent with its fiduciary duties, the Spirit Board of Directors will work with its financial and legal advisors to evaluate JetBlue's revised proposal and pursue the course of action it determines to be in the best interests of Spirit and its stockholders.
  • As previously disclosed, Spirit is continuing to engage in discussions with JetBlue and is continuing to work with Frontier under the terms of the existing merger agreement between Spirit and Frontier.
  • As part of this process, Frontier and JetBlue have been given access to the same extensive due diligence information, on the same terms.

Principal Financial Group® Names Natalie Lamarque as New General Counsel

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Mercoledì, Giugno 15, 2022
Professional Services, Legal, Insurance, Principal Financial Group, Series 7, Bloomberg, Government, Compliance, Lamarque, Duke University School of Law, Duke University, Investment, Retirement, Workforce, New York Life Insurance Company, Country Financial, Board of directors, Law, Martha Plimpton, DeBevoise, Goal, PFG, Management, Assistant United States Attorney

Principal Financial Group today announced Natalie Lamarque, will join the company as its new general counsel effective August 1.

Key Points: 
  • Principal Financial Group today announced Natalie Lamarque, will join the company as its new general counsel effective August 1.
  • Prior to joining Principal, Lamarque served as senior vice president and general counsel for New York Life leading the general counsel office as well as the firms insurance and agency, investments, corporate practice, and tax teams.
  • Principal Financial Group (Nasdaq: PFG) is a global financial company with 18,500 employees1 passionate about improving the wealth and well-being of people and businesses.
  • 1 As of March 31, 2022
    Principal, Principal and symbol design and Principal Financial Group are trademarks and service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.

Spirit Airlines Postpones Special Meeting of Stockholders Until June 30, 2022

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Mercoledì, Giugno 8, 2022
Transportation, Air, Transport, Travel, Public expenditure, Goal, Spirit Airlines, Airline, Paul, Weiss, Rifkind, Wharton & Garrison, Register, Tripura Merger Agreement, Failure, BY, Sale, NYSE, COVID-19, JBLU, Human, JetBlue, U.S. Securities and Exchange Commission, Martha Plimpton, Form, AND, Frontier Airlines, ULCC, Securities Exchange Act of 1934, Special, Securities Act of 1933, Industry, DeBevoise, Communication, Ouija, Frontier Airlines Holdings, THE, Investor relations, Security (finance), Travel, Superior (proposed U.S. state), SPIRIT, Risk, SEC, Attention, Private Securities Litigation Reform Act, Registration statement, Barclays, Morgan Stanley, Growth, Prospectus, NASDAQ, Board, Management, Spirit, Shareholder, Frontier

Spirit Airlines, Inc. (Spirit or the Company) (NYSE: SAVE) today announced that it postponed its Special Meeting of Stockholders (the Special Meeting) relating to the proposed merger agreement with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., until June 30, 2022 at 9 AM ET.

Key Points: 
  • Spirit Airlines, Inc. (Spirit or the Company) (NYSE: SAVE) today announced that it postponed its Special Meeting of Stockholders (the Special Meeting) relating to the proposed merger agreement with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., until June 30, 2022 at 9 AM ET.
  • The Special Meeting was postponed to allow the Spirit Board of Directors to continue discussions with Spirit stockholders, Frontier and JetBlue Airways Corporation (JetBlue) (NASDAQ: JBLU).
  • Spirit Airlines (NYSE: SAVE) is committed to delivering the best value in the sky.
  • The Form S-4 was declared effective on May 11, 2022 and the prospectus/proxy statement was first mailed to Spirit stockholders on May 11, 2022.

Spirit Airlines Board of Directors to Review Updated Proposal from JetBlue

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Lunedì, Giugno 6, 2022
Transportation, Air, Transport, Travel, Public expenditure, Ouija, Martha Plimpton, Goal, Spirit Airlines, Company, JetBlue, Frontier Airlines, THE, Airline, Securities Exchange Act of 1934, Paul, Weiss, Rifkind, Wharton & Garrison, Registration statement, Investor relations, Securities Act of 1933, Form, AND, Register, Security (finance), Tripura Merger Agreement, Barclays, Morgan Stanley, U.S. Securities and Exchange Commission, Failure, Travel, SPIRIT, BY, Sale, Risk, Growth, Private Securities Litigation Reform Act, NYSE, COVID-19, JBLU, Prospectus, SEC, Human, Industry, Board, DeBevoise, Attention, Communication, Management, Spirit, Frontier

Spirit Airlines, Inc. (Spirit or the Company) (NYSE: SAVE), today confirmed receipt of an updated proposal from JetBlue Airways ("JetBlue") (Nasdaq: JBLU) to acquire all of the outstanding shares of Spirit's common stock.

Key Points: 
  • Spirit Airlines, Inc. (Spirit or the Company) (NYSE: SAVE), today confirmed receipt of an updated proposal from JetBlue Airways ("JetBlue") (Nasdaq: JBLU) to acquire all of the outstanding shares of Spirit's common stock.
  • Consistent with its fiduciary duties, the Spirit Board of Directors will work with its financial and legal advisors to evaluate JetBlue's proposal and pursue the course of action it determines to be in the best interests of Spirit and its stockholders.
  • The Board will conduct this evaluation in accordance with the terms of the Company's merger agreement with Frontier and respond in due course.
  • Spirit has filed a solicitation/recommendation statement with respect to the tender offer with the Securities and Exchange Commission ("SEC").

Baretz+Brunelle Adds Decipher Co-Founder Howard Rosenberg, Launches Novel Practice to Help Law Firms Succeed in Lateral Hiring Boom

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Lunedì, Maggio 23, 2022
Consulting, Other Professional Services, Legal, Professional Services, AM, Community Effort Orlando, Lloyds Bank National Business Awards, Leadership, Multimedia, University of Cambridge, DeBevoise, Rhode Island School of Design, Report, Marketing, Architecture, University, IPCC Fifth Assessment Report, Face, Intelligence, Acquisition, Berwin Leighton Paisner, Creative industries, Private investigator, Public relations, Management

Those challenges led to the creation of a first-of-its-kind offering that provides firms with holistic lateral hiring support Baretz+Brunelles new Talent Intelligence & Analytics practice , which launched today.

Key Points: 
  • Those challenges led to the creation of a first-of-its-kind offering that provides firms with holistic lateral hiring support Baretz+Brunelles new Talent Intelligence & Analytics practice , which launched today.
  • View the full release here: https://www.businesswire.com/news/home/20220523005705/en/
    Baretz+Brunelle announced today the launch of its Talent Intelligence & Analytics practice, which will be headed by Howard Rosenberg.
  • Rosenberg has spent more than 15 years in leadership at Am Law 100 and Silver Circle law firms and co-founded Decipher, a global investigative intelligence business that performs due diligence on lateral candidates.
  • Joining B+B as partner, Rosenberg will assist law firms with the most important issues they face in connection with lateral talent both before and after hiring.

Strategic and International Experience on US Corporate Boards Decline

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Venerdì, Maggio 20, 2022
Risk, Education, Alfred Lerner College of Business and Economics, The University of Delaware, The Conference Board, Debevoise & Plimpton, African Americans, Economics, Empathy, Martha Plimpton, Disclosure, Environment, Leadership, Woman, Multimedia, Solution, Judgement, DeBevoise, Eye, University, COVID-19, Russell, Research, Corporate governance, Culture, Retirement, Climate, S, Female, NEO, Iron, Center, Conference, Pacific Ocean, Technology, Organization, BLC, Russell Reynolds Associates, Associate, Senior advisor, Data mining, Benchmarking, Business, CEO, ESG, Renewable energy, Management, Financial adviser, Pharmaceutical industry, High-performance plastics, Shipbuilding, Music, Film, Bottled water, Lithium, Aquaculture, Russell 3000 Index

Accompanying that worrisome decline is a drop in directors with international experience, despite a more interconnected and tumultuous world.

Key Points: 
  • Accompanying that worrisome decline is a drop in directors with international experience, despite a more interconnected and tumultuous world.
  • The publication includes insights and data as recent as April 2022relating to the composition of S&P 500 and Russell 3000 boards.
  • Despite a more interconnected and tumultuous world, directors with international experience is declining:
    A decline in the S&P 500:
    A decline in the Russell 3000:
    "From the COVID-19 pandemic, to social justice upheavals, rising inflation, and the war in Ukraine, US corporate boards have been faced with crisis after crisis.
  • The KPMG Board Leadership Center (BLC) champions outstanding corporate governance to drive long-term value and enhance stakeholder confidence.