M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

A Member of the Law Professor Blogs Network

Thursday, July 21, 2011

Global M&A Index 2011

Allen & Overy just released their annual M&A Index.  There some interesting bits there.  For instance, 2011, they report a 776% increase in value of public hostile acquisitions.  That's a big number, but off a small base.  It's still less than 2% of all deals in their database.  Here's the summary graphic of US deals: 

AllenOvery2011

If you're looking for something to read on the ride home, the report has nice overviews of global M&A and sectoral activity.

-bjmq
 

July 21, 2011 in Asia, Cross-Border, Europe, Mergers | Permalink | Comments (0) | TrackBack (0)

Corps Roundtable

Over at the Conglomerate they recently hosted one of their virtual roundtables - this one on teaching corporations/business associations.  It's worth reading the back-and-forth, especially since our own Afra Afsharipour and my colleague Kent Greenfield were in the mix. 

-bjmq

July 21, 2011 in Corporate | Permalink | Comments (0) | TrackBack (0)

Wednesday, July 20, 2011

Is this unlawful?

According to this story from Bloomberg, the SEC

sued a Michigan man, claiming he traded on information he learned from a houseguest about the impending acquisition of Brink’s Home Security

Apparently, the

investment banker for Tyco International Inc., the buyer, inadvertently left behind a draft presentation on the deal.

According to the SEC, months later, the homeowner discovered the draft. Another month or so after the discovery, the homeowner intuited from changes in the banker’s travel schedule that the transaction was imminent.

According to the SEC, the homeowner profited from trading in Brink’s stock after the public announcement of the deal caused its price to jump 30 percent.

The homeowner's lawyer said his client has settled the case and will turn over his profits and pay a fine.

Obviously the facts are incomplete, but I wonder if Professor Bainbridge would have advised the homeowner to fight the case.

MAW

July 20, 2011 in Cases, Current Affairs, Current Events, Deals, Federal Securities Laws, Insider Trading, Litigation, Mergers, SEC | Permalink | Comments (3) | TrackBack (0)

Monday, July 18, 2011

In Memoriam: Sarah Pei-Yee Woo

I'm very sad to share the news that Sarah Pei-Yee Woo, an Assistant Professor at NYU Law School, recently passed away.  Sarah was a friend and a gifted scholar. She joined the NYU faculty in the Fall of 2010 (NYU Law Alumni magazine profile).  My thoughts and prayers go with her and her husband, Kenneth.  

-bjmq

July 18, 2011 | Permalink | Comments (1) | TrackBack (0)