Jed Zobitz and Paul Zumbro Author U.S. Chapter of 2021 “Getting the Deal Through: Distressed M&A” Edition

Cravath partners George E. Zobitz and Paul H. Zumbro authored the United States chapter of the 2021 edition of “Getting The Deal Through: Distressed M&A,” a Q&A‑based, comparative legal resource published by Lexology. Cravath associates Bethany A. Pfalzgraf, Alexander Gerten and Jerome C. Newton also contributed to this piece. The chapter discusses the market climate for distressed M&A transactions in the United States, as well as primary responsibilities of directors and officers; common transaction structures, including in court and out‑of‑court sale offers; pros and cons of auction sales and single‑buyer sales; critical areas of due diligence; mechanisms for valuation; available forms of financing; and regulatory considerations.

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