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WATCH LIVE: Canaveral Port Authority Commission Meeting for October 25, 2023

WATCH LIVE: Canaveral Port Authority Commission Meeting for October 25, 2023
spacecoastdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spacecoastdaily.com Daily Mail and Mail on Sunday newspapers.

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Cannes Classics & le Cinéma de la plage 2023 - FilmNewEurope.com

We might introduce these credits by speaking them, like Him in the opening of Contempt: it's Film History at the Festival de Cannes. There's. ....

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A New Film by Jean-Luc Godard Leads Cannes Classics 2023 Lineup

We're now in the month of Cannes Film Festival 2023 and they have a few more surprises up their sleeves thanks to the announcement of their Cannes Classics lineup. After being heavily rumored, it's now confirmed a posthumous film from the legendary Jean-Luc Godard will premiere at the festival, billed as "Trailer of the film ....

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Cash Left Behind by the Seller in the Target Belongs to the Target | Weil, Gotshal & Manges LLP

A recent Delaware Court of Chancery decision,
Deluxe Entertainment Services Inc. v. DLX Acquisition Corporation, 2021 WL 1169905 (Del Ch. Mar. 29, 2021), provides a stark reminder of the need to carefully provide, in your stock purchase agreement, mechanics for the transfer by the target to the selling shareholders of any assets that remain in the target at closing that were intended to be excluded from the sale of the target and retained by the selling stockholders. In
Deluxe Entertainment, the buyer was entitled to keep all cash held in target bank accounts after closing, even though cash had been excluded from the net working capital adjustment (i.e., the seller received no credit for the amount of cash left in the target’s bank accounts), and the seller could have swept the cash from the target immediately prior to closing, but failed to do so. ....

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Court Finds Buyer is not Required to Return Cash in Purported "Cash Free, Debt Free" Deal | Stinson - Corporate & Securities Law Blog

To embed, copy and paste the code into your website or blog:
Deluxe Entertainment Services Inc. v. DLX Acquisition Corporation involved a stock purchase agreement where Plaintiff Deluxe Entertainment sold all of its stock (the “Transaction”) in its wholly owned subsidiary, Deluxe Media Inc. (“Target”), to defendant DLX Acquisition Corporation (“Buyer,” and together with Target, “Defendants”), an affiliate of the private equity firm Platinum Equity. All of Target’s assets, except for those excluded by the parties’ purchase agreement (the “Purchase Agreement”), were transferred in the Transaction.
At closing, several million dollars in cash remained in Target’s bank accounts (the “Disputed Cash”). Seller alleges it failed to sweep those funds from Target before closing “for various practical and technical reasons,” and Buyer did not dispute Seller had the right to sweep those funds before closing. ....

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