The Delaware court has approved the sale of TransPerfect shares to Phil Shawe and ruled that Liz Elting’s objections are without merit. Shawe will pay USD 770m, over 10 times EBITDA. Elting to receive USD 287m in after-tax net proceeds. Continue reading
TransPerfect co-CEO Liz Elting is pushing the Delaware court to reject the sale of her shares to her co-founder Phil Shawe, claiming the custodian’s abuse of discretion and Shawe’s misconduct. Custodian’s lawyer cites five factors that merit the sale to Shawe. Continue reading
Revenues for 2017 “just short of USD 600m”, says Lionbridge CEO John Fennelly in what he calls a year of transition. CEO comments on executive team restructuring, neural MT, and why his mandate is very simple. Continue reading
Lionbridge CEO Rory Cowan talks to Slator about how the USD 360m deal with private equity fund H.I.G Capital came about and how he plans to leverage the company’s balance sheet to play a very active role in industry consolidation. Continue reading
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