Firm News
Greenlight Capital Proposes Plan to Unlock Shareholder Value for GM
March 28, 2017
Schulte is representing Greenlight Capital Inc. in connection with a proxy campaign at General Motors Co. to change the company’s capital structure. Greenlight has proposed a plan that would split GM’s common stock into two classes: the dividend shares, which receive current dividends, and the capital appreciation shares, which would participate in the remaining earnings and cash flows. Greenlight believes the plan will unlock between $13 billion and $38 billion of shareholder value.
Schulte partners and co-chairs of the firm’s global Shareholder Activism Group Marc Weingarten and Eleazer Klein represent Greenlight.
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Alerts
The US Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) have overhauled Form PF and private fund managers have until March 12, 2025, to begin reporting on the new Form. The changes to the reporting requirements mandated by the amendments to the Form (“Form PF Amendments”) will require substantial preparation by many managers.[1]
Alerts
The US Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) have overhauled Form PF and private fund managers have until March 12, 2025, to begin reporting on the new Form. The changes to the reporting requirements mandated by the amendments to the Form (“Form PF Amendments”) will require substantial preparation by many managers.[1]