Topic
Securities
6,664 published works
M & A Law Prof Blog
Victoria’s Sale
Limited Brands yesterday announced that it agreed to sell a 67% ownership interest in its Express brand to Golden Gate Capital for $548 million in cash. The Company also announced…
M & A Law Prof Blog
AFL-CIO Opposes Blackstone IPO
The FT is reporting that the AFL-CIO has written the SEC arguing that private equity group Blackstone's planned initial public offering should be halted. According to the Financial Times, "the…
Securities Law Prof Blog
Brokerage Industry “Outraged” At SEC’s Decision Not to Ask for Rehearing in FPA v. SEC
SIFMA (the Securities Industry and Financial Markets Association) issued a press release announcing it is "outraged" that the SEC is not asking for a rehearing in FPA v. SEC and…
Securities Law Prof Blog
Two-Tier Pricing for Brokerage Services After FPA v. SEC
I was very surprised at the SEC’s announcement yesterday that it would not seek rehearing of FPA v. SEC (D.C. Cir. Mar. 30, 2007), in which the court vacated, in…
Securities Law Prof Blog
SEC Will Ask D.C. Circuit to Stay FPA v. SEC Decision
The brokerage firms were lobbying the SEC hard to file an en banc petition for reconsideration of the D.C. Circuit's FPA v. SEC (invalidating the SEC rule exempting brokers that…
M & A Law Prof Blog
Ford Next?
Bloomberg is reporting that the Ford family is discussing a sale of their controlling interest in Ford Motor Co. According to the report, Bill Ford, chairman of Ford, briefed directors…
M & A Law Prof Blog
The Private Equity Flip
The Wall Street Journal has a short, interesting article today on the surge in private equity exit IPOs. According to the Journal, "[o]f the 69 companies that have gone public…
M & A Law Prof Blog
Mylan Industries’ $6 Billion Deal
Mylan Industries, the Pittsburgh based pharmaceutical producer, announced that it was the winner in Merck KGaA's auction of its generic drug unit. Mylan has agreed to pay Euro 4.9 billion…
Securities Law Prof Blog
Atkins on FPA v. SEC
The brokerage industry has been urging the SEC to seek a rehearing in FPA v. SEC, where the D.C. Circuit (2-1 vote) invalidated the SEC's rule that exempted brokers offering…
M & A Law Prof Blog
The Big Oak that Could
The Wall Street Journal reported yesterday that Oaktree Capital Management LLC, an alternative investment firm, was circulating an offering memorandum to sell a 13% interest in itself for $700 million. …