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billion of net outflows experienced in December 2011. Debt underwriting had its best week since May 2011 and equity underwriting also improved significantly while M&A activity was quite light Equity underwriting volumes of $17.2 Net outflows from equity mutual funds totaled $22.9
Over the last decade the use of R&W insurance in merger and acquisition transactions has grown exponentially. In its basic form R&W insurance covers breaches by the seller or target of their respective representations and warranties in the acquisition agreement up to a policy limit.
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