DIRS.INFO The most relevant business & tech news

☆ Brazil Burger King brand owner's shareholders reject poison pill in win for Mubadala
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Aug 31 (Reuters) - Zamp (ZAMP3.SA), the owner of the Burger King brand in Brazil, said on Tuesday its shareholders rejected a proposal to include a poison pill in its internal bylaws, a win for Abu Dhabi state investor Mubadala which is building a large stake in the firm. The proposal that would implement a poison pill in addition to limit the voting power of a single shareholder to 15% was rejected 57.5% of the votes, Zamp said. The outcome is a key win for Mubadala, who raised its stake in the firm to 20.4% shortly after the proposal was unveiled in July, becoming Zamp's largest shareholder. At the time, Mubadala had 4.95% of the company and it offered 8.31 reais per share to buy a controlling stake. (This story has been corrected to fix the spelling of Mubadala in the headline)Reporting by Peter Frontini; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Zamp, Mubadala, Peter Frontini, David Gregorio Our Organizations: SAO PAULO, Burger King, Abu, Mubadala, Thomson Locations: Brazil, Abu Dhabi

☆ Fintech Zamp, which helps companies navigate sales tax compliance, used this 12-page deck to raise a $4 million seed round
▼ + stars: | 2023-05-22 | by ( Paige Hagy | ) www.businessinsider.com time to read: +4 min

Zamp is a startup that helps online sellers with sales tax compliance. Sales tax compliance laws are complex and constantly changing. Zamp is aimed at helping online sellers of all sizes manage their sales tax compliance. Additionally, sales tax compliance is handled on the state, county, city, and district levels, rather than the federal level. Zamp handles every aspect of sales tax compliance for the customer, from reporting and filing to handling notices from the state.

☆ High-stakes game of keeping secrets on Wall Street
▼ + stars: | 2023-05-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Citadel Securities' trading strategies? Look no further than a recently filed lawsuit by Citadel Securities against two former employees, per Bloomberg. The suit, which you can read here, alleges the former employees were building a competing high-frequency trading firm while still employed and used trade secrets gained while at Citadel Securities. Portofino told Bloomberg that the Citadel Securities lawsuit was "corporate bullying" and that it would defend itself. On the one hand, trading firms invest a lot of money — check out some salary ranges here — in developing these strategies.

☆ Here's the 12-page pitch deck a startup helping online sellers navigate the complicated world of sales tax compliance used to raise a $4 million seed round
▼ + stars: | 2023-05-17 | by ( Paige Hagy | ) www.businessinsider.com time to read: +4 min

☆ Mubadala withdraws offer for Brazil's Burger King brand owner
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, Sept 23 (Reuters) - Brazil's Zamp SA (BKBR3.SA), which owns the Burger King brand in the South American country, said on Friday that Abu Dhabi state investor Mubadala has revoked its tender offer to purchase a controlling stake in the company. Mubadala had offered 8.31 reais ($1.61) per share to buy a 45.15% stake in Zamp but decided to drop out of the deal, saying it had failed to obtain confirmation on whether the transaction would imply the termination of Zamp's franchise and trademark licensing agreements. read more($1 = 5.1670 reais)Register now for FREE unlimited access to Reuters.com RegisterReporting by Gabriel Araujo Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "Zamp"

5 mentions found