Over the past couple of years something has been happening in appraisal litigation. For a long time, appraisal litigation was something of a backwater: experts battling over which variables a judge must insert into a discounted cash flow model and
M & A Law Prof Blog
Latest from M & A Law Prof Blog - Page 6
Antitrust review revolution?
Ok, so revolution is perhaps a bit overblown. But, we are about to undergo a significant change in antitrust enforcement in the context of merger and acquisitions – probably more significant than the change we saw after the transition from…
Ross Johnson, RJR Nabisco, and Barbarians
I'd be remiss if I didn't note that F. Ross Johnson recently passed away. Johnson was the real life protagonist of Bryan Burrough and John Helyar's Barbarians at the Gate – the story of the auction of RJR Nabisco and Johnson audacious…
Richmond is Hiring
From the law school at the University of Richmond:The University of Richmond School of Law seeks to fill two entry-level tenure-track positions for the 2017-2018 academic year, including one in corporate/transactional law. Candidates should have outstanding academic credentials and show…
No-brainers and conflicts
So, Elon Musk of both SolarCity and Tesla fame has announced a "no-brainer": the merger of SolarCity and Tesla. you can find a copy of SolarCity's offer to acquire Tesla here. Obviously, with Musk on both sides of…
Evolution of Merger Agreements
Anderson and Manns have posted a draft of a paper they presented at this year's AALS Transactional Law panel in NYC, The Inefficient Evolution of Merger Agreements. This paper is one of a couple of recent papers conducting empirical…
Will they ever learn?
That was the question a friend asked. Apparently, someone decided Microsoft’s proposed acquisition of LinkedIn was just too good to miss and purchased a boatload of call options just before the deal was announced. How much is a “boatload”? This…
Get it while you can
Drafting guru Ken Adams now has a print edition available of his ebook, "The Structure of M&A Contracts". I recommend this book to anyone dipping their toe into an M&A practice. Seriously. For many law students now becoming law…
Barclays Banker Pays for Renovations with Tips
The DOJ is pursuing criminal and civil charges against a former Barclays banker for allegedly paying for renovation of his bathroom with insider tips: According to the complaint, McClatchey began tipping the Long Island-based plumber, a friend, in 2013, enabling him…
Dell Appraisal Results
Well, Carl Icahn said $13.75 for Dell's 2013 going private deal was too low and he encouraged stockholders to seek an appraisal for their shares. While Mr. Icahn wasn't patient enough to hang in there, for those who were, they…