Friday, April 13, 2012
regular readers know that Afra and I have a thing for reverse termination fees. The Practical Law Company just released a "what's market" study on reverse termination fees - Reverse Break-up Fees and Specific Performance: A Survey of Remedies in Leveraged Public Deals. There's a lot in there. One point of interest is the extent to which reverse termination fees are now making regular appearances in strategic deals - more than 51% of deals in their sample.
It's opening day in Boston - funny enough with a 1-5 start - people around here are already jumping on the panic button. Too early? Have a great weekend - spend as much of it at a ball park as possible.