other
confidence high
sentiment neutral
materiality 0.30
Blackstone Mortgage Trust removes legacy investor exemptions from Maryland control share and business combination acts
BLACKSTONE MORTGAGE TRUST, INC.
- Sixth Amended and Restated Bylaws adopted Oct 19, 2022; remove exemptions for Veqtor and Berkley from Maryland Control Share Acquisition Act.
- Boards repealed prior exemption for Veqtor from Maryland Business Combination Act; Berkley no longer qualifies as interested stockholder.
- Amendments also include non-substantive administrative and conforming changes.