Law360, New York (November 21, 2011, 3:05 PM ET) -- In the U.S. M&A community, there is a perception that the treatment of certain key deal terms in public company leveraged buyout transactions follows a “market practice.” We have conducted a study of 31 recent U.S. LBOs involving private equity buyers. Consistent with market perception, we found that market practice existed for a number of deal terms. However, we also found that the following “truisms” regarding market practice were not, in fact, true (at least based on the results of the deal study).
“Go-Shop Provisions are...
False Truisms In US Public Company LBOs
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