January 16, 2022

US: In latest deals, Ellison and Musk can’t block counterbids

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By David Ruiz, The Recorder SAN FRANCISCO — Two recent Silicon Valley M&A deals—Tesla Motors Inc.’s acquisition of Solar City and Oracle Corp.’s purchase of NetSuite—have shed light on executive voting agreements, which prevent powerful shareholders from swatting down competing bids. Oracle announced on July 28 that it plans to acquire NetSuite for $9.3 billion. Larry […]