regular readers know that Afra and I have a thing for reverse termination fees. The Practical Law Company just released a “what’s market” study on reverse termination fees – Reverse Break-up Fees and Specific Performance: A Survey of Remedies in Leveraged Public Deals. There’s a lot in there. One point of interest is the extent to which reverse termination fees are now making regular appearances in strategic deals – more than 51% of deals in their sample.

There’s data on relative sizes of reverse termination fees, etc. The study is worth more than a look – download it! For those of you who aren’t as interested in RTF as Afra and I, you can move along.

It’s opening day in Boston – funny enough with a 1-5 start – people around here are already jumping on the panic button. Too early? Have a great weekend – spend as much of it at a ball park as possible.

-bjmq

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