Elizabeth Warren (D-MA), Tammy Baldwin (D-WI), Sherrod Brown (D-OH), Mark Pocan (D-WI) and Pramila Jayapal (D-WA) introduced a bill to govern the private funds that engage in change in control transactions.
A Chicago-based cannabis firm will acquire all of the issued and outstanding shares of a Canadian cannabis distributor in California, making it the largest-ever public company acquisition in the U.S. cannabis sector.
The Federal Trade Commission Premerger Notification Office has revised its position with respect to applying the size of transaction test in the leveraged buyout ("LBO") context by establishing that "new debt used to finance an LBO transaction, whether taken on by the buyer or the target, is to be included in the size of transaction."
The Federal Trade Commission Bureau of Competition and the U.S. Department of Justice Antitrust Division summarized the agencies' merger enforcement activities in the 38th Annual Hart-Scott-Rodino Report.
A hotel and resort company delayed the planned acquisition of a vacation ownership business as a result of new understandings of the tax consequences of the deal under the Foreign Investment in Real Property Tax Act.
Request delivery of the Cadwalader Cabinet Newsletter.