A high prevalence of go-shop provisions and the size of the breakup fee payable to a target are not what John Pollack, a partner at Schulte Roth & Zabel LLP, expected to find in a recent study conducted by the law firm. The study, which Pollack co-authored, focuses on private equity buyers and public-company targets by dissecting 25 large deals from 2010 to June 2011. In this video interview with The Deal Pipeline, Pollack shares some of the study's more surprising findings, as well as why innovative, strategic-to-strategic deal terms have not yet migrated to the private equity sector. - Sarah Hashim-Waris
Arnold & Porter LLP hired Amy Jeffress, a former high-ranking DOJ official, as a partner in its white collar defense and national security practices in Washington. For other updates launch today's Movers & shakers slideshow.
The activist investor and the famed auction house are headed for a courtroom showdown. Loeb wants three board seats and the ability to fire Sotheby's CEO William Ruprecht. The company responded with a $300 million dividend for shareholders and a poison pill aimed squarely at Loeb. More video