Case
Flowers v. SLM
9 published works
M & A Law Prof Blog
The Top Ten M&A Events of 2007
[Moving to the top for the new year]My wholly subjective list of the top ten M&A events for 2007:The MAC Daddy. It began with Accredited Home Lenders/Lone Star. But the…
M & A Law Prof Blog
SLM Transcript Hearing
Access it here. As usual it is a great read, though rather long. I start with a quote from Strine: I mean, we haven't gotten Mother Teresa and Gandhi and…
M & A Law Prof Blog
Busy Day on the SLM Case
Another letter was sent today by SLM to the court (access it here). Apparently the parties met or had a telephone conversation with VC Strine this morning. In its letter,…
M & A Law Prof Blog
SLM: More on Yesterday’s Hearing
I thought I would set forth a few more thoughts on yesterday's SLM hearing. It really is a fun read. For those who think that SLM's interpretation of the MAC…
M & A Law Prof Blog
SLM: The Transcript of the Hearing Today
Here is the transcript of the SLM hearing today. My favorite quote by VC Strine:SLM Attorney: we are still not terminating the agreement, and I think there is a cloud…
M & A Law Prof Blog
SLM: Further Developments
Two developments in the SLM case. First, all of the business news outlets are reporting on the letter Flowers sent to its limited partners yesterday. I've read it and can…
M & A Law Prof Blog
Allocating the Potential Liability of the Flowers Group
The WSJ Deal Journal had a post yesterday on the Flowers group's allocated liability for the $900 million break fee in connection the SLM merger agreement. The post quoted a…
M & A Law Prof Blog
Anlayzing the Flowers Group Counter-Claim
The Flowers consortium filed their answer and counter-claim yesterday in Delaware Chancery Court. The Flowers group counter-claim boils down to a request that the Chancery Court declare that a Material…
M & A Law Prof Blog
Flowers et al.: The Counter-C+laim
You can download the counter-claim here, and the letter Flowers counsel sent to the VC Strine about expedited relief here. I have a couple of quick thoughts and will give…