Cooley M&A Insight From Q3 2019
The Recorder Names Cooley Firm of Year for Tech Deals + Emerging Companies
The Carlyle Group Acquires HireVue
Dova Pharmaceuticals Agrees to Sell to Swedish Orphan Biovitrum
Axiom Gains Significant Investment From Permira
Fourth Annual Symposium on Corporate Law at UC Berkeley
Cooley is a sponsor of the fourth annual Symposium on Corporate Law at UC Berkeley. This two-day, multi-panel event will explore the development of corporate law, the evolving relationships between corporate stakeholders, M&A and what corporate lawmaking may look like in the future. With two days full of insightful panels, this event is an excellent way to both network with and learn from some of the best lawyers, professionals and scholars in a variety of fields. M&A co-chair Jamie Leigh will speak at the event to discuss hot topics in capital markets and M&A.
M&A blog: Q3 2019 highlights
Taking a Play Out of the Financial Acquirer’s Playbook
As the NFL season gets underway, it is interesting to see how certain plays go from fringe status to near-universal. A recent example is the "run-pass option" that, before finding a home in every NFL team's playbook, was used only in high school and college football games. In public M&A, some provisions in merger agreements become near-universal as practitioners study precedents and react to case law.
Use of Earn-Outs to “Bridge” the Valuation Gap
There's an old saying, probably at some point attributed to Abraham Lincoln or Einstein, that a bridge shows no allegiance to either side. It's a wonderful metaphor and one that dealmakers would be wise to remember when working to construct agreements to solve for divergent views on value.
Inadequate Cybersecurity and Data Privacy Due Diligence Alleged in Starwood Deal as UK ICO Fines Marriott $125 Million for GDPR Violations
On July 9, 2019, the UK Information Commissioner's Office (ICO) publicly announced its intent to impose a £99 million (approximately $123 million) GDPR fine on Marriott as a result of its acquisition of Starwood and the subsequent discovery and notification of a data breach at Starwood.