Cravath Publishes Quarterly Review on Q2 2025 Trends in M&A, Activism and Corporate Governance

On August 11, 2025, Cravath published the latest edition of its Quarterly Review, which provides insight into practical points, key takeaways and relevant developments across the M&A, activism, tax, regulatory and corporate governance landscape. This edition covers:

M&A  

• Buyer Beware: Recent Developments in CVRs and Earn-Outs
• Practice Tips: Successfully Executing Carve-outs and Divestitures
• Key Delaware Caselaw Review: Bylaw Amendments; Fiduciary Duties; Tolling for Fraudulent Concealment

ACTIVISM

• More Selective but Successful Activist Campaigns and Other Key Activism Developments

TAX

• Tax Changes Under the One Big Beautiful Bill Act   

REGULATORY

• Changes in Antitrust Enforcement Under the New Administration
• Approval of Nippon Steel/U.S. Steel Merger; Announcement of New CFIUS Fast-Track Process; New CFIUS Head
• Global and Interstate Partnerships Emerge Among Data Privacy Regulators

 

CORPORATE GOVERNANCE 

• Is Delaware Losing Its Crown? – Trends in State Redomestication 
• Recap of 2025 Proxy Season; SEC Developments

 

Please click here to read the full report.