Investor Sues to Block HP's Palm Buy
May 7, 2010, 12:46 PM by Philip Berne
A Palm investor is suing the company over the treatment of common shareholders in the proposed HP buyout of the WebOS maker. Specifically, Business Week is reporting that investor Steve Ubaney believes preferred stock shareholders, including Palm investor Elevation Partners LP, got a much higher price for their preferred Series B shares. Ubaney claims that these share should have been valued the same as common shares in a Palm buyout, and he is suing to block the purchase and for unspecified damages.
SEC Investigating Suspicious BlackBerry Trades
The Securities and Exchange Commission has launched an investigation into trades of BlackBerry stock around the time a report suggested Samsung might buy the company. On January 14, Reuters reported that Samsung planned to buy BlackBerry for as much as $7.5 billion.
SoftBank Looking to Raise $18B with Wireless Unit IPO
SoftBank Group, the parent company of Sprint, is weighing whether or not to offer shares in its own Japan-based wireless company. Under the direction of CEO Masayoshi Sun, SoftBank has transformed itself in recent years into an investor in technology companies.
SoftBank Invests Another $73 Million in Sprint
SoftBank has purchased yet more shares of Sprint stock, boosting its stake in the company to just over 80%. SoftBank shelled out $73 million for about 16.8 million shares.
HTC Halts Trading Shares Ahead of Major Announcement
HTC will cease trading shares of its stock in anticipation of a significant announcement to be made tomorrow. The news was first revealed by the Taiwan Stock Exchange, which said "shares of HTC Corporation ...
"I'm not making as much money as I want"
Isn't it wonderful the way people think?
"So I'll sue the company to make sure it can't sell, it goes out of business, and I get nothing"
Actually, that's not true. He'll get years of Chapter 7 bankruptcy liquidation and litigation. After that'...