Wednesday, May 20, 2009
Lawyers at Gibson, Dunn examined the 70 U.S. deals identified by Thomson Reuters' as"withdrawn" in 2008. The two largest causes of the busted deals? No surprise here: (1) almost 40% of the deals fell apart because of a deterioration in the condition of one or more of the parties and (2) another 21% failed due to the buyer's inability to obtain financing. You can read the full report here.