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Feb. 6, 2014

Once a cottage industry, mergers litigation reaches new heights

A recent study found that in 2013, fully 97.5 percent of public company buyouts valued at $100 million or above triggered a shareholder lawsuit.


By Dominic Fracassa


Daily Journal Staff Writer


Sometime around 9 a.m. on Jan. 10, reports from a handful of financial news outlets began to trickle in about a relatively nondescript public company acquisition: Miami-based private equity firm H.I.G. Capital LLC announced it was planning to buy American Pacific Corp., a specialty chemical manufacturer, for $392 million.


The relatively modest deal garnered little more than a passing glance from ...

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