TITLE

Breaking Up Is Harder To Do

AUTHOR(S)
Louria, Avital
PUB. DATE
February 2007
SOURCE
Investment Dealers' Digest;2/12/2007, Vol. 73 Issue 6, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the implications of imposing reverse breakup fees for business deals in the U.S. It is argued that reverse breakup fees will force acquiring companies to pay a penalty if a deal fails to close. Clauses that stipulate reverse breakup fees are appearing in many large buyout deals. The said fees have increased to 3.49 percent in 2006 and lawyers point out that there is no legal limit on such fees.
ACCESSION #
24038804

 

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