for the goose...
Reverse break fees in US M&A transactions are likely to
triple in the near future. But the trend is unlikely to spread
When reverse break fees were first drafted, they were pegged
to the forward fee of around 3%. In one private equity lawyer's
words, "what was good for the goose was good for the
However, in being so low, they were not a sufficient
deterrent for purchasers to walk away. Now that companies in
liability management need stronger assurances that deals...