With Capital Levels High and Stocks Low, Going-Private Deals Rise. 26 delistings so far in 2022

How to avoid big government and a demented and senile 46th President? Or to avoid the hassles of diversity, equity and inclusion ideology?
Delist a public corporation!

E.g. the SEC is now snooping corporations for their climate change efforts and so on.

"More U.S. public companies are going private as deal makers look to use the capital they have built up to buy targets made more attractive amid recent stock-market declines.

A handful of deals announced or completed so far in 2022—including for social-media company Twitter Inc. and software firm Citrix Systems Inc. —appear to be setting the stage for another busy year in which public companies are acquired by either private-equity firms or a controlling shareholder and delisted from stock exchanges.

By the end of last year, the number of these take-private transactions were on the rise as PE firms and investors had access to cash and debt and interest rates stayed low. There were 47 such deals made last year, up from 33 in 2020 and the highest total since 2010, according to financial data firm Dealogic. This year through Tuesday, that tally stands at 26, compared with 17 during the same time period last year. The value of these deals also has risen, topping $121 billion so far this year, the highest since 2007. ...
Private-equity firms sitting on more than $1.32 trillion in unspent capital are expected to drive many of these transactions. ...

Some companies see benefits in not having to worry about their stock price and instead focus more on running the business. Also, private companies don’t face the same regulatory filing requirements as public companies, which have to submit quarterly filings and other regular disclosures. Once a deal closes and a company becomes private, its filing requirements generally cease, attorneys said.

The Securities and Exchange Commission in January seemed poised to push for more transparency from certain private companies, but so far, it hasn’t put forth any related rule making. The commission didn’t comment on the status of plans for private-company disclosure requirements.

Private companies also deal with fewer restrictions on other issues, such as the composition of their board, attorneys and board members said. Private-company boards, for instance, don’t have to meet independence requirements, which for public companies mean that a certain number of directors must not have connections to a company beyond their board role that would affect their ability to use independent judgment. "

With Capital Levels High and Stocks Low, Going-Private Deals Rise - WSJ Stock-market declines have made deal targets such as Citrix Systems and Twitter less expensive than a year ago