With Europe's uniform M&A proposal defeated at the hands of
the Germans, takeover rules in individual countries are perhaps
more important than ever. It took nearly three years for the battle
for Gucci to subside, over Lebanese food and LVMH champagne at the
paris offices of the white-knight's counsel. But it's likely that
the innovative defenses and the rulings from Dutch courts will serve
as tea leaves to pour over for some time to come.
Who represented whom in the three-way battle. Skadden and Wachtell are
across the table again in a takeover reminiscent of the good old days
in the U.S. of A.
Gucci: Red-Letter Dates
The New Unocal?
How a Dutch ruling reflects a Delaware icon.
A Lock-Up in Limbo
Tyson Foods has been in takeover battles before. In the classic battle
for Holly Farms, the target's lock-up got frowns from the court, but no
one appealed. And Tyson was flummoxed.
The competition for LBOs in Europe and the U.K. could hardly be more cruel.
The game is certainly similar to its American version, but there are differences
of which the wise should be aware.
Senior facilities term sheet
The global deals and the merger firm's mergers