The Deal
Thursday, November 26, 
1:41 am

— April 20, 2009 —

Cover story

Rigors of rehab

The market for debtor-in-possession loans is alive, but it's expensive, picky and creditor-friendly -- yet DIPs are needed more than ever before.

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Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.


Regulatory

Of politics and pay

How to fix executive compensation rules without breaking the companies.


Industry Insight

Before the honeymoon ends

Thinking differently about conflict resolution.


Judgment Call

The price of R&D

FAS 141(R): A new source of shareholder litigation against innovation-driven companies?



Table of contents

Bankruptcy

Some new faces at the table

Sun Capital leads a number of Wall Street firms and private equity shops into the DIP market.


Analysis

Network buys

As digital advertising rapidly evolves, a surge of dealmaking and consolidation begins, but like everything else in advertising, it's a little unclear what it all means.


Analysis

Asia adjusts

When the global economy cratered, China and India girded for the worst, but a surprising amount of M&A still takes place.


A conversation with Skadden Arps' Pierre Servan-Schreiber on French M&A.


View from the City

Deck shuffle

For Barclays, the sale of iShares should prove to be an astute maneuver.


Analysis

All in the recipe

B&G's brands get tweaked but don't change that much. The same goes for its approach to deals.


Bankruptcy

The sun doesn't always rise

Ways for PE-backed companies to weather the current economic storm.


Capital Calls

The dividend debate

Moody's revisits the impact of dividend recaps on sponsor-backed companies, and foodies bemoan Balducci's departure from New York.


Bankruptcy

Mortal combat

A Delaware bankruptcy court delves into the tangled relations among Sumner and Shari Redstone, a failing games company and an obscure buyer.


Industry Insight

Hedge funds unhinged

Two bills in Congress could decisively undermine the hedge fund industry.


Analysis

That's a spicy meatball

Skepticism abounds over Pfizer's ability to digest Wyeth.


Private Equity

Waiting game

Euro valuation models may be more forgiving than their U.S. counterparts, but write-downs loom.


Media Maneuvers

Not dead yet

They seemed so yesterday. But with its "scoop" on the Express Scripts deal, The Wall Street Journal brings strategic placements back to life.


Rules of the Road

Call it what you want

The banks get their way on mark-to-market rules.


Backstory

Yellow and blue

Directory publisher Idearc's restructuring plan could serve competitor R.H. Donnelley equally well. But will either company's creditors go for it?


Safe Harbor

Out like a lamb

Move over, Leo Strine. This year's Tulane confab belonged to Stephen Lamb, who is retiring from Delaware's Court of Chancery in July.


Analysis

Lyondell revisited

The M&A bar cheers as the Delaware Supreme Court overturns a perplexing decision in the Lyondell case.


Judgment Call

Chapter IP

Protecting your intellectual property when your licensee (or licensor) is bankrupt.


Regulatory

New faces, new direction

Antitrust mavens expect a more aggressive stance from the Department of Justice and the Federal Trade Commission.


Skadden Arps' Lou Kling (pictured) and Howard Ellin team advised Express Scripts on its NextRx deal.


Movers and Shakers

A chance at Chancery

Speculation over who will succeed Stephen Lamb in Delaware abounds. One possibility: Abrams & Laster's J. Travis Laster.


Movers and Shakers

Dimon on Dimon

"The House of Dimon:" A "leadership profile" chronicling his career successes.


Movers and Shakers

Duke's D.C. power player

Bill Tyndall is Duke Energy's new VP for government and regulatory affairs. He's done time in government, corporate development and private equity.


Movers and Shakers

August in bloom

August Capital raised a $650M fund in the first quarter. Still, partner David Hornik says the environment's as tough for firms as it is for startups.


Cadwalader's Geoffrey Levin represented CVC on its iShares deal.


Deal Diary

Shearman helps Dow go salt-free

Dow Chemical used Shearman & Sterling's George Casey (pictured) and Daniel Litowitz on its Morton sale.


Deal Diary

Wachtell weighs in on a few more deals

Wachtell represented Fidelity National in its Metavante deal and Centex on its sale to Pulte Homes.


Arbitrage

Risk Arbitrage: April 20, 2009

Total has sweetened its bid for UTS Energy and says its the final offer, while Libya's National Oil Corp. is expected to decide soon on the Verenex-CNPCI deal.


Editor's Note

Transactions: April 20, 2009

It was the rare economist who can claim he saw the crisis coming. But that doesn't stop the continuing predictions.


Analysis

School for scandal: 2002

Congress reacted to corporate malfeasance, Spitzer hammered Wall Street, and the Fed dropped interest rates. What were we missing?


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