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Focus (Forum & Focus)

May 15, 2009

Deal-Breakers

Lawyers from Gibson, Dunn & Crutcher dissect how the economic downturn has virtually frozen acquisition financing and collapsed the value of many companies.

FOCUS COLUMN

By Joe Barbeau, Jeff Petit, Anne Pogue and Marcie Areias

The economic downturn has virtually frozen acquisition financing and collapsed the value of many companies, which is credited for breaking up numerous acquisitions. According to Thomson Reuters' data, 70 U.S. deals were "withdrawn" in 2008 (including 11 that were announced in 2008 but cratered in early 2009). Of these 70 reported deals that came apart after being agreed to and...

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