Professional Documents
Culture Documents
CORPORATE RESTRUCTURING
Patrick A. Gaughan
Introduction
•Investment Banker
Leveraged Buyout & Private
Equity Market
Corporate Restructuring
Thedivestiture of investement.
Changing the focus of the
company
Merger Negotiation
FriendlyNegotiation
Keep board of director up to date
Confidentiality
Deal Structure
Asset vs Entity Deal.
Depend upon portion of target
acquisition.
Advantages of Asset deal:
Choosing asset and limiting
liability.
Tax Benefit through lower
depreciation.
Disadvantages: Consent from
other parties & tax implication for
Entity deal
Stocktransaction
Mergers
Advantages of Stock Transaction:
No conveyance issue
No appraisal right
Disadvantages:
Unwanted Liability
Approval from all Stock holder
Forward Triangular Merger