Leveraged buyouts (LBOs) followed by a merger between the purchaser and the target company have been very common in recent years, particularly in the private equity field. Traditionally, there have been doubts over their compatibility with the rules prohibiting financial assistance.
April 29, 2009 at 09:23 PM
1 minute read
The original version of this story was published on Legalweek
News Spanish legislation aims to provide clear guidelines for mergers following structured leveraged buyouts, but the process remains unclear. Jose Fernandez-Ranada explains
Leveraged buyouts (LBOs) followed by a merger between the purchaser and the target company have been very common in recent years, particularly in the private equity field. Traditionally, there have been doubts over their compatibility with the rules prohibiting financial assistance.
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