Nortel: Consortium bids can save distressed M&A

Author: | Published: 1 Dec 2009

Last week, Ericsson and Kapsch CarrierCom launched a joint bid for Nortel’s GSM and GSM-R assets. The two separate companies, bidding for different parts of Nortel, were treated as a single entity thanks to a complex interdependency agreement.

Martin Saywell, who led the corporate team at Latham & Watkins advising Kapsch, said that careful...