On The Rise: Corporate Carveouts In The US

Law360, New York (March 16, 2010, 3:22 PM EDT) -- The upcoming spinoff of AOL by Time Warner may be a harbinger of a new trend for large U.S. public companies to use warming equity markets to raise cash and unload assets.

The dominant themes of a relatively slow U.S. M&A market in 2009 were the difficult credit markets and evolving deal structures involving predominantly strategic players, as well as a rise in the number of distress and spin transactions.

Recent examples include Bristol-Myers Squibb saying goodbye to Mead Johnson Nutrition in a spinoff restructuring, while...
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