Shutdown Will Test Dealmakers' Patience — And Nerves

Law360, New York (October 1, 2013, 12:16 AM EDT) -- Delays on proxy and registration statements and antitrust approvals are likely effects of the government shutdown that began early Tuesday, a political standoff that will test the flexibility of merger agreements and the ability of parties to swallow a little uncertainty.

Review of merger proxies may be tabled as the U.S. Securities and Exchange Commission loses large chunks of its staff to furlough. Cuts to nonessential employees at the Federal Trade Commission and U.S. Department of Justice — which will both keep reviewing mergers, but with...
To view the full article, register now.