Burger King Deal Structure Still Has Sizzle

Law360, New York (October 10, 2012, 9:27 PM EDT) -- In the two years since Kirkland & Ellis LLP attorneys used a novel deal structure to help a private equity consortium acquire Burger King Holdings Inc., the setup — which blends the speed of a tender offer with the certainty of a shareholder vote — has retained its sizzle, helping at least 17 more buyers find a smoother path to closing go-private deals.

The dual-track process lets buyers launch a tender offer, which is faster, and simultaneously lay the groundwork for a shareholder vote, which takes...
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