Entries tagged "Arps"
CIT says it's hired Skadden for general legal purposes, but the market will likely assume the move is in preparation for a Chapter 11 filing.
It's not easy leading a distressed company, much less a bankrupt one. That's obvious, of course, but the point was hammered home by the panelists, such as Harvey Miller of Weil, Gotshal & Manges LLP (pictured.), and the moderator of an educational session at the Turnaround Management Association annual convention in New Orleans on Wednesday. ...
In The Deal NewsWeekly Edward B. Micheletti and Rachel J. Barnett of Skadden, Arps, Slate, Meagher & Flom LLP argue that in Delaware, circumstances that cause Chancery to look askance at an LBO may not bother the court in a strategic deal.Not long ago, the subprime mortgage crisis was a blip on the horizon, private equity deals were all the rage and no one could even imagine an economic recession. It may now seem like a distant memory, but this was just last year. In fact, throughout the first half of 2007, the Delaware Court of Chancery was repeatedly called...
A host of advisers weighed in on Mars Inc.'s $23 billion deal for Wm. Wrigley Jr. Co. Goldman, Sachs & Co. was financial adviser to Wm. Wrigley in connection with the deal and placement agent for the securities to Berkshire Hathaway Inc. The team included Byron Trott, Adam Taetle, Kelly Rainko, Stefanie Jay, Robbie Robinson, Lauren Polo and Clayton Hanson. William Blair Inc. was also financial adviser to Wrigley and offered a fairness opinion. A Skadden, Arps, Slate, Meagher & Flom LLP team led by William Kunkel that included partners L. Byron Vance, Lynn McGovern, Cliff Aronson, James Venit, Michael...
