Equity Re-Emerges As Strategic M&A Currency: Report

Law360, New York (December 2, 2010, 5:50 PM EST) -- Large-scale strategic mergers and acquisitions players — typically big companies looking to acquire or fund smaller players who feature complementary businesses — appeared to move away from cash deals and back into equity financing over the past year, according to a report issued Thursday by Paul Weiss Rifkind Wharton & Garrison LLP.

The report studied the 25 largest strategic transactions over a yearlong period that ended July 31, concluding that while cash may have lost favor, buyers' hunger for certainty did not.

"Deal makers strove to...
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