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What Is the Difference Between Pre-Packaged and Pre-Negotiated Bankruptcy Plans, and What Are Restructuring Support Agreements? - Creditor’s Rights Toolkit

JD Supra: Mergers

Unlike traditional Chapter 11 “free fall” bankruptcy cases, some debtors enter bankruptcy with pre-packaged or pre-negotiated plans, offering major advantages such as reduced case length. These plans, largely drafted and agreed upon prior to filing, can expedite case resolution from over a year to mere weeks.

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Liquidnet launches new futures rolls negotiation tool

The TRADE

The new tool will facilitate the bilateral negotiation of blocks at mid prices in fixed income and equity index calendar rolls. According to the firm, its experience will help bring greater structure to the bilateral negotiation process, ensuring best execution with minimal information leakage.

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Disclosure: SEC Sanctions SPAC for Non-Disclosure of Preliminary Merger Negotiations

Deal Lawyers

Deciding whether a public company needs to disclose preliminary merger negotiations is always a challenging process, but the SEC recently announced an enforcement proceeding against a SPAC that serves as a reminder that getting that decision wrong can have a significant downside.

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Buyer obligations in earnout negotiations

JD Supra: Mergers

Previously in our series, our team evaluated a number of important points that buyers should consider when embarking on a build-to-buy transaction to protect against downside scenarios in those collaboration arrangements. Fortunately, many collaborations do result in an acquiror purchasing the desired asset.

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Earnouts: Negotiating Buyer’s Post-Closing Obligations

Deal Lawyers

This Hogan Lovells memo provides an overview of some of the key considerations for buyers in those deals when negotiating their obligations under an earnout provision. Earnouts are particularly popular as a tool for bridging valuation gaps in life sciences deals.

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Negotiating Transition Services Agreements in Carve-Out M&A Deals

JD Supra: Mergers

In mergers and acquisitions (M&A), few transactions are as complex as carve-outs.

M&A 167
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Negotiating with a Noob M&A Target? Go Easy on Them, says Delaware Chancery

JD Supra: Mergers

Buy-side executives in an M&A deal negotiate with their sell-side counterparts for months, plying them for information, assessing the seller’s weaknesses and pressure points, and even making informal entreaties when the parties’ standstill agreement says they shouldn’t —all to get the best deal for the acquirer.