H51, every mention
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tap a year for its mentions
every year anyone David Rosenthal 3Ben Gilbert 1
Verbatim, from the transcripts: the passages where H51 comes up
Renaissance Technologies (Audio) · Acquired
- ▶ 4:12 Ben Gilbert For example, we had a listener, Nicholas Cullen, email us this time, who found the actual document with the bylaws of Hermes's controlling family shareholder, H-fifty-one, which we linked to in this most recent email.
Hermès (Audio) · Acquired
- ▶ 2:34:09 David Rosenthal So in 2011, the family comes together, and over 50 of the 80 family members collectively contribute 50.2% of the equity in the company into a new cooperative vehicle that's called H-fifty-one, as in 51% of Hermes.
- ▶ 2:37:25 David Rosenthal Anyway, the two Puest brothers, they do not contribute their shares to H-fifty-one, but they give H-fifty-one a right of first refusal on their shares.
- ▶ 2:38:27 David Rosenthal So this effectively ends the takeover bid when H-Fifty-One is put in place.