Financial Times: TPG & Blackstone Team Up to Bid for Eyecare Group Bausch + Lomb
TPG and Blackstone have put forth a joint bid for Canadian eyecare company Bausch + Lomb as it navigates a spinoff from its parent company Bausch Health. The $14 billion deal would result in one of the biggest buyouts of the year, write Oliver Barnes, Antoine Gara and James Fontanella-Khan. Read More
Reuters: Verizon Bid For Frontier Faces Investor Skepticism
After announcing Verizon’s $9.6 billion takeover last month, Frontier has faced resistance from major shareholders Glendon Capital and Cerberus, asserting that Verizon’s $38.50/share offer undervalues the telecom giant. Investors will have their say at the company’s annual meeting on November 13th. Read More
Harvard Law School Forum on Corporate Governance: How Deals Die
Vanderbilt Law School professor Morgan Ricks looks at the “multitude” of factors that can cause a deal to break between signing and closing and what dealmakers can learn from these risks. Read More
The Wall Street Journal Private Equity Pro: New U.S. Merger Rules Would Weigh Heavily on Private Equity
Chris Cumming notes that antitrust lawyers are calling new requirements passed by the FTC to the Hart-Scott-Rodino (HSR) process the most significant change in decades. The new proposals greatly expand the amount of information collected in the merger process, which some say will be a “substantial burden.” Read More
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