The Four Ring Circus - Round Eleven; A Further Updated View of the Mating Dance Among Announced Merger Partners and an Unsolicited Second or Third Bidder
This is an article by Robert E. Spatt, a partner in the Firm's Mergers and Acquisitions Group, showing that the incidence of unsolicited second and even third bidders surfacing after two companies have announced a definitive friendly merger agreement has been substantially on the increase, accompanying the resurgence of hostile acquisition activity.