Rabbi Pinto is irrelevant to the mainstream Jewish community

IT WAS ALL WORTH IT

I've come around to this too. The idea that the Jays were the better team was crystallized after Game 5 and never revisited. The Dodgers were better in Games 6 and 7. And if they started a new series a week from now, the Dodgers would start Yamamoto in Games 1, 4 and 7 and that would be that.

Blue Jays could start a crowdfund tonight and collect a billion dollars

Gotcha. So speaking of the tax hit, what about the shareholders? Would the dividend not be taxed for them as ordinary income (at least a few/some/many shareholders)?

As Isaac Chotiner said to Karine Jean-Pierre, "Sorry, I'm not trying to be dense" -- but the commitment is demonstrated by paying $6.5 billion up front, no? $6.5 billion that NN doesn't even get back if the deal fails to close. What does the preferred stock add to that?

This raises two questions for me: (1) if you need the same HSR approval to approve conversion as you do to close the merger, what purpose does the preferred serve? (it's not senior to the common for distributions); (2) maybe the DOJ would see right through this, but just convert little by little?

Was there an exchange of convertible preferred in that deal?

That's fair! But even if you can't answer whether there's an antitrust issue, there's an underlying question from a contractual perspective. Metsera describes the preferred as if it can't ever vote, yet it seems like all NN has to do is convert the shares, which it can do whenever it wants!

@annmlipton.bsky.social (2) Seeing as how the preferred is freely convertible, can't NN vote its shares in favor of the merger? What prevents that? (3) If the shareholders are paid a dividend, isn't that ordinary income to them? (4) Isn't this crazy?! It's like NN is daring the regulators

If I don't get at least six and a half hours of sleep tonight, that's on me. No more excuses.

He’ll still be considered a rookie in next year’s World Series, right?

You guys are nuts, that commercial is perfect

Blue Jays hitters rubbing their hands with glee