M&A

News analysis

  • Why winning bidder finance survives Del Monte

    26 October 2011

    Settlement in Del Monte’s closely-watched shareholder litigation does not mark the end of stapled finance or winning bidder finance, but US counsel predict market expectation to shift away from banks working both sides of deals

  • Sponsors lose post-crisis loan covenants

    25 October 2011

    Leveraged loan covenants are showing banks’ hesitancy to finance all but the strongest of credits. More robust market flex terms and bigger equity checks have characterised deals coming to market during summer

  • Brazil’s antitrust overhaul: less deals reviewed, more could be blocked

    20 October 2011

    Fewer deals will face antitrust review under Brazil’s long-awaited antitrust bill, expected to soon be signed into law. But a larger number could be blocked

  • Lessons in RTM assignment restrictions

    19 October 2011

    A more prudent approach to third party consents may be required when closing reverse triangular mergers (RTM) following an unexpected Delaware Court of Chancery decision earlier this year

  • EU contract law may cover financial services

    13 October 2011

    Yesterday’s publication of the EC’s proposals have prompted speculation that the scheme will soon encompass financial services