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Remember the Sallie Mae situation not too long ago when the firm continuously insisted it had a solid deal with banks and that it expected those banks to keep their commitments? Well, as the... Read more...
What's going on with the Alliance Data Systems-Blackstone Group deal? The deal was struck back in May. But Alliance shares have been weakening recently as rumors mounted that the deal may be in... Read more...
It has been a buyer's market--and contractual terms reflected that. But after a nasty spate of busted deals, headlined by the on-going Sallie Mae blow up, ClearChannel and others, the New York Times... Read more...
The biggest deal casualty of the credit crisis has been Sallie Mae. It looks like now that the next step in the ugly confrontation is a trial in Delaware. The latest is that the once-commited... Read more...
There have been more than a few cases of private equity firms invoking the adverse material change clause--fairly or not--to nix deals. The Sallie Mae deal was a good example. But in some cases the... Read more...
Two deals are raising concerns about the break up fees that more banks may have to pay: the Sallie Mae deal, in which Bank of America and JP... Read more...