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    Fractions And Squeeze Outs

    The last two posts have discussed what a corporation may do with fractions of shares.  I entitled the first of these posts "Breaking Up Is Not Hard To Do – Fractions, Scrip And Scrippage" in partial reference to the song by Neil Sedaka and Howard...

    Corporate Governance, fraction, fractional shares, General Corporation Law, Section 407, squeeze out

    I Deliver Some Round Observations About California's Rounding Rule

    Yesterday's post concerned various actions that a California corporation may pursue in lieu of issuing fractional shares.  I left for today the subject of rounding.  Section 407 of the Corporations Code expressly permits rounding to...

    Mergers & Acquisitions, rounding, Secretary of State, Bill Holden, fractional shares, Harold Marsh Jr, Section 407

    Breaking Up Is Not Hard To Do - Fractions, Scrip And Scrippage

    The California General Corporation Law explicitly authorizes a corporation to issue fractional shares.  Cal. Corp. Code § 407.  A corporation, however, is not required to do so.  Id.  In lieu of issuing fractions, a corporation may in connection...

    Mergers & Acquisitions, Corporate Governance, fair value, fractional shares, fractions, scrip, Section 407