Judge Clears Way For Trump Media to Hold Merger Vote

Bloomberg03-10

(Bloomberg) -- A Delaware judge won’t stand in the way of a March 22 shareholder vote on a merger involving Trump Media & Technology Group that may provide a $4 billion windfall for former President ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2418889173?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/gWaIwRQamcQHPHrEmK2emQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/584864c58c31569d39958cafc1bafe56","is_english":true,"pubTime":"2024-03-10 02:23","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2418889173","market":"us","top_or_hot":-1,"title":"Judge Clears Way For Trump Media to Hold Merger Vote","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- A Delaware judge won’t stand in the way of a March 22 shareholder vote on a merger involving Trump Media & Technology Group that may provide a $4 billion windfall for former President ...</p>\n\n<a href=\"https://finance.yahoo.com/news/judge-clears-way-trump-media-182321110.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Judge Clears Way For Trump Media to Hold Merger Vote</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJudge Clears Way For Trump Media to Hold Merger Vote\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-10 02:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/judge-clears-way-trump-media-182321110.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A Delaware judge won’t stand in the way of a March 22 shareholder vote on a merger involving Trump Media & Technology Group that may provide a $4 billion windfall for former President ...</p>\n\n<a href=\"https://finance.yahoo.com/news/judge-clears-way-trump-media-182321110.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4516","symbol_name":"特朗普概念","start_time":0,"source_url":"https://finance.yahoo.com/news/judge-clears-way-trump-media-182321110.html","article_id":"2418889173","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/gWaIwRQamcQHPHrEmK2emQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/584864c58c31569d39958cafc1bafe56"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2418889173","pubTimestamp":1710008601,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":" -- A Delaware judge won’t stand in the way of a March 22 shareholder vote on a merger involving Trump Media & Technology Group that may provide a $4 billion windfall for former President Donald Trump.Billions Pour Into Nigeria as Tinubu’s Reforms Start to Pay Off. United Plane Veers Off Runway in Third Boeing Mishap of Week. Summers Says Fed Is ‘Wrong’ on Neutral, Warns on Rate-Cut Bets. TSMC to Win More Than $5 Billion in Grants for US Chip Plant. Delaware Chancery Court Judge Sam Glasscock III said Saturday he wouldn’t hold up the vote because of complaints by Trump Media co-founders Andy Litinsky and Wes Moss that the former president seeks to dilute their 8.6% stake in the business as part of the merger.Litinsky and Moss — ex-contestants on Trump’s TV show The Apprentice who joined forces with him to form Trump Media — allege the former president wants to increase the amount of shares in Trump Media to water down their stake and potentially generate billions to pay off legal judgm","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4516":"特朗普概念","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4564":"太空概念","BA":"波音","BK4187":"航天航空与国防","DWACU":"Digital World Acquisition Corp.","BK4551":"寇图资本持仓","BK4585":"ETF&股票定投概念","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BK4588":"碎股"},"translate_title":"法官为特朗普媒体举行合并投票扫清道路","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BA":0.9,"DWAC":0.9,"DWACU":0.9,"DWACW":0.9},"content_text":"(Bloomberg) -- A Delaware judge won’t stand in the way of a March 22 shareholder vote on a merger involving Trump Media & Technology Group that may provide a $4 billion windfall for former President Donald Trump. \nMost Read from Bloomberg\n\nBillions Pour Into Nigeria as Tinubu’s Reforms Start to Pay Off\nUnited Plane Veers Off Runway in Third Boeing Mishap of Week\nSummers Says Fed Is ‘Wrong’ on Neutral, Warns on Rate-Cut Bets\nTSMC to Win More Than $5 Billion in Grants for US Chip Plant\nItalian Women Are Burying the Myth of the Mamma\n\nDelaware Chancery Court Judge Sam Glasscock III said Saturday he wouldn’t hold up the vote because of complaints by Trump Media co-founders Andy Litinsky and Wes Moss that the former president seeks to dilute their 8.6% stake in the business as part of the merger. \nLitinsky and Moss — ex-contestants on Trump’s TV show The Apprentice who joined forces with him to form Trump Media — allege the former president wants to increase the amount of shares in Trump Media to water down their stake and potentially generate billions to pay off legal judgments. \nGlasscock declined to hold a hearing on the challenged merger before the March 22 vote because if Trump agrees to put the extra shares in an escrow account during the dispute, then “maybe the whole thing will go away,” he noted in a Zoom call. \nOfficials at Digital World Acquisition Corp. – the blank-check company slated to host the vote — have already agreed to escrow the disputed stock in a separate suit filed by Patrick Orlando’s ARC Global Investments II. In its suit, ARC challenged the conversion rate proposed for its founder’s stake, with the firm arguing it should get more shares in the merged company. Orlando is Digital World’s ex-chief executive officer. \nLori Will, the Chancery judge in that case, earlier this week turned down a request to expedite the suit, citing the escrow. \nRead more: Trump Media SPAC Avoids Legal Roadblock on Way to Merger Vote\nDigital World’s stock has soared this year, valuing Trump’s stake at billions of dollars, at least on paper. It’s a possible financial lifeboat for the ex-president, who faces hundreds of millions in legal judgments from the state of New York’s suit targeting fraudulent valuations of his assets and advice columnist E. Jean Carroll’s suit over statements Trump made about her allegations he sexually assaulted her. Trump posted a nearly $92 million bond in that case Friday.\nThe case by Litinsky and Moss is United Atlantic Ventures v Trump Media, 2024-0184, Delaware Chancery Court (Georgetown).\nMost Read from Bloomberg Businessweek\n\nHow Apple Sank About $1 Billion a Year Into a Car It Never Built\nHow Microsoft’s Bing Helps Maintain Beijing’s Great Firewall\nThe Battle to Unseat the Aeron, the World’s Most Coveted Office Chair\nAirbus Is Soaring at Boeing’s Expense\nElon Musk Is Right About OpenAI But for the Wrong Reasons\n\n©2024 Bloomberg L.P.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2418889173"}