Topic
Cerberus
46 published works
M & A Law Prof Blog
Cerberus says “so what?”
By CorporateAcquisitions MergerLawBlogger
According to Reuters, Cerberus has blamed the poor economy for its MAC its deal with Innkeepers. In Cerberus' reply to Innkeepers' complaint, they blame "unforeseeable, unprecedented, and materially adverse economic developments", namely the…
M & A Law Prof Blog
Innkeepers challenges Cerberus on MAC
By CorporateAcquisitions MergerLawBlogger
So now Innkeepers has filed a complaint against Cerberus in the SDNY challenging Cerberus' decision to call a MAC on its acquisition of Innkeepers. The MAC as it appears in…
M & A Law Prof Blog
Innkeepers’ MAC
By CorporateAcquisitions MergerLawBlogger
Cerberus and Chatham Partners, LP have reportedly walked away (here: Deal Journal's coveragel) from their deal to acquire Innkeepers out of bankruptcy citing a MAC. You can find the bankruptcy filings…
M & A Law Prof Blog
DGCL 303 and Sales of Substantially-All-the-Assets in Bankruptcy
By CorporateAcquisitions MergerLawBlogger
Almost lost in the big news of the day that GM hasfiled for bankruptcy (bankruptcy petition here)was the announcement that over the weekend Judge Gonzalez approved the sale ofsubstantially all…
Securities Law Prof Blog
Failed Buyouts and Contract Language
Will the recent wave of failed LBOs lead to revisions in the contract language about remedies for non-performance? Some experts suggest that, in addition to negotiations over price, parties will…
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
URI/Cerberus: The Final Word
I think we now have a confident view of how the negotiation occurred. Throughout the contract negotiation process the Cerberus side made it clear at all times that its contracting…
Legal Profession Blog
Caught Between the Infinite Regress of Rational Choice and Psychological Determinism
Posted by Jeff Lipshaw (cross-posted at Concurring Opinions)I neglected to mention, in my original commentary on the Cerberus opinion over at Concurring Opinions, that I am indebted to Frank Pasquale…
M & A Law Prof Blog
The Dog Bites: Coda
So, I've been thinking a bit more about the URI/Cerberus opinion over the weekend and have the following thoughts/questions:Chancellor Chandler again reiterates that he denied URI's motion to grant summary…
The Contingency
Cerberus Dogs URI, Dots Its “I”
The WSJ reports that the Delaware chancery court rejected United Rental Inc.'s bid to force Cerberus to consummate a $4 billion buy-out. Blawgletter doesn't have the details, but we imagine…