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Join the Securities Litigation and Enforcement Group on LinkedInElon Has a New Bot Excuse – Bloomberg
But in the merger agreement, there are also covenants, promises that Musk and Twitter make to each other about what they will do going forward, between the signing of the merger agreement and the closing. If Twitter breaches a representation, Musk still has to close unless the breach causes a material adverse effect. 3 But if Twitter […]
Someone Hacked a Merger – Bloomberg
If you are a criminal mastermind, one thing you could do is go to law school, get good grades, get hired at a big M&A law firm, work 100-hour weeks on big deals, and eventually try wiring yourself the money that was meant to pay for a merger. There are many downsides to this approach, […]
Morgan Stanley confirms to acquire ETrade in $13 billion all-stock deal – MarketWatch
Morgan Stanley MS, -3.32% confirmed Thursday that is acquiring E*Trade Financial Corp. ETFC, +25.06% in an all-stock deal valued at $13 billion. Morgan Stanley will pay 1.0432 of its shares for each E*Trade share, equal to $58.74 based on its closing price Feb. 19. The deal “will significantly increase the scale and breadth of Morgan […]
Bigger M&A deals mean more insurance claims, AIG finds | Financial Times
M&A insurance, also known as warranty and indemnity cover, has been a booming market over the past few years, as buyers and sellers seek protection against the chance that problems arise after the deal closes. The main causes of claims on this type of insurance are problems with financial statements, tax, and compliance with laws. […]
Is There a First-Drafter Advantage in M&A?
Does the party that provides the first draft of a merger agreement get better terms as a result? There is considerable lore among transactional lawyers on this question, yet it has never been examined empirically. In a recent article, Is There a First-Drafter Advantage in M&A?, we develop a novel dataset of drafting practices in […]
ANKURA AGREES TO ACQUIRE NAVIGANT’S DFLT SEGMENT AND TAS PRACTICE – Ankura
Navigant (NYSE: NCI) and Ankura today announced a definitive agreement under which Navigant will sell its Disputes, Forensics and Legal Technology (DFLT) segment and its Transaction Advisory Services (TAS) practice to Ankura Consulting Group, LLC (Ankura), a leading business advisory and expert services firm. The transaction is valued at $470 million, and is expected to […]
Nov. 7 Webcast: Emerging Trends in Merger & Acquisition Disputes
Please join Jim Smith,Jeff Litvak and Jeremy McGannon for this free webcast.
Gamification Spreads to Investment Banking with ‘The M&A Game’ – Compliance Week
Compliance training has already been ‘gamified’ through online games that use scenarios involving fictional investment bank transactions, but why stop there? Now investment banking itself has been gamified with the release of “The M&A Game.” via Gamification Spreads to Investment Banking with ‘The M&A Game’ – Compliance Week
Diamond Foods’ board sued over financial problems
Lawsuit claims board of Diamond Foods Inc failed to properly oversee the company.
September 10 Webcast: The Myths and Realities of Realizing Synergies in an Acquisition
Please join Jeff Litvak, Brent Miller, and Brett Ingerman for this free webcast.