Government relations and law firm Herrick is opening new offices in Washington, D.C., and Istanbul. The Washington, D.C., office will include former members of Congress, Reps. Michael McMahon and Elizabeth Holtzman. Herrick has a long history of representing the Turkish government and many Turkish companies, the firm noted about their expansion into Istanbul. That office will be headed up by Barbaros M. Karaahmet, a Turkish-American attorney. The two new offices "represent a major expansion of our national and international capabilities, and a strengthening of our commitment to serve our clients' legal and government relations needs in these two dynamic markets," the firm said in a statement announcing the expansion.
Maxim Integrated Products (NASDAQ:MXIM) CEO Tunc Doluca unloaded 2,000 shares of the stock on the open market in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $29.41, for a total transaction of $58,820.00. Following the completion of the transaction, the chief executive officer now directly owns 8,393 shares in the company, valued at approximately $246,838. The sale was disclosed in a legal filing with the SEC, which is available at this link.
New York, NY – The American Turkish Society will commemorate the financial and commercial ties between United States and Turkey at a festive benefit gala on the trading floor of the New York Stock Exchange on the evening of November 7th. U.S. Commerce Secretary Penny Pritzker and Turkish Finance Minister Mehmet Şimşek will attend as guests of honor and deliver remarks to an audience of 300 guests including top-level executives from both countries. Süreyya Ciliv, CEO of Turkcell (TKC), the leading communications and technology company in Turkey, will participate with remarks.
A delegation of 12 Turkish businesses has attended the SelectUSA Investment Summit, the first-ever Summit bringing together 1,200 attendees from nearly 60 countries in Washington and hosted by U.S. President Barack Obama and the U.S. Department of Commerce. “Our two governments and our private sectors have been working together closely to increase our bilateral trade and investment ties. In recent years, we have seen record levels of exports in both directions, and strong interest in bilateral investment. Greater Turkish investment in the United States will lead to greater Turkish trade with our country - a key priority of Turkey’s aspiration to become a Top Ten economy by 2023,” U.S. Ambassador to Turkey Francis J. Ricciardone was quoted as saying in an announcement released by the U.S. embassy on Oct. 31.
