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Solera

Investor can Solera National Bank’s records over jet use, judge says

A local shareholder will examine the internal records of a single-branch bank in Lakewood to determine whether its chairman squandered the bank’s profits on a fleet of aircraft that he used to travel to Denver Nuggets games, where he became known as the “Red Pant Man.” In an oral ruling Feb. 6 that took more than an hour to read, Delaware Chancery Court Judge Bonnie David decided that Rob Salazar can inspect certain records of Solera Bank. “I am convinced that the (bank) board’s decision not to pay a dividend in 2020,…

Solera Holdings joins bidding war for Australia’s Infomedia with $443 mln bid, Auto News, ET Auto

Australian automotive software firm Infomedia Ltd said on Monday it received a A$638.8 million ($443.01 million) non-binding acquisition proposal from U.S.-based software company Solera Holdings LLC, after receiving two bids last month.Solera, which provides risk management software and services to the automotive industry, offered to buy Infomedia at A$1.70 per share in cash, lower than Battery Ventures' A$1.75 per share offer and at par with TA Associates-led consortium's bid.Infomedia first received a takeover proposal…