Growth is essential in business, and one method corporations utilize in order to expand is acquiring entire companies or portions of companies in a merger transaction, strengthening or expanding the acquirer’s product or service offerings. Whether the target company is publicly traded or privately held, with a small number of shareholders or thousands of share, warrant, or option holders on its capitalization table, Continental has the capability of executing share exchanges for cash, stock, or a combination of each. In addition, Continental manages tender offers, subscription offers and share redemptions for our transfer agent clients and for corporations utilizing other transfer agents. Including our referrals involving Citibank and other large U.S. financial institutions, we manage well over 200 Corporate Actions events a year, issuing thousands of fedwire, check payments and stock distributions.
Corporate Actions appointments are managed by our dedicated Reorganization Administration team. They receive and convert shareholder data files, distribute letters of transmittal and other shareholder communication, and coordinate the processing of merger cash and share payments to shareholders with the Reorganization Operations team. Our professionals are often pressed into service when there is little time (as little as two days) to plan and execute the payment portion of a merger/acquisition transaction. Our swift file conversion capability, flexibility in using a variety of letter of transmittal templates, off-hours availability for deal planning, fast closing date payment ability and vast experience in dealing with a multitude of deal structures are unmatched in the industry among processing agents of any size. Such responsiveness has led to strong partnerships and multiple public and private paying and exchange agency appointments by leading Silicon Valley technology, venture capital and private equity firms where speed, diligence and flexibility are essential.
Unlike our competitors, we don’t outsource or offshore any of these services, including call center activities. This allows us to rapidly scale up for highly complex transactions and execute payments in a very short window, delivering large volume wire transfer and share issuances with just 24-48 hours’ advance notice. Our rates for delivering these services are highly competitive, on par with being the value leader in the stock transfer industry and generally lower than our competitors. But our real competitive edge is the depth of experience of our staff and unmatched execution capability, which affords our clients significant flexibility as they plan and execute their acquisition strategies. We are ready to support your significant corporate event.
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