|
 Pinnacle Foods
in $2.16B buyout 
Blackstone
raises its offer for Equity Office Properties
Cablevision committee
rejects Dolan
family offer
 Allegations
of private equity bid collusion
- DOJ
reported to be investigating bid collusion
- Class action lawsuit filed
11.07.06
Investors have
been opposing some buyouts
- Led to MBOs of TNS and Emmis being dropped
- But ARAMARK deal proceeded after a small price
increase
- Investor opposes Jacuzzi Brands Buyout
50
day go shop periods are being used
- Used in HCA and Freescale buyouts
New
Topic Page covers Stapled Financing
New
Topic Page:
Private Equity Financing Conditions Delaware
opinion in ABRY v F&W Acquisition
In
re LNR Property Corp (Del Ch 2005)
- Opinion
11.04.05 -
VC Lamb
- Denies defendants' motion to dismiss
- Over going private transaction where controlling
shareholder exercised right to buy 25% of acquisition vehicle
- Alleged that board improperly allowed conflicted controlling
shareholder to dominate negotiations with Cerberus (the deal's sponsor)
- Special committee's powers were limited
- Transaction could be subject to entire fairness
review
Proposed
LBO of School Specialty is terminated |
