Lawyers specializing in mergers and acquisitions, particularly involving private equity firms, are scrutinizing more critically the bailout terms of contracts following a series of failed mergers in the past six months and two recent court decisions.
Worsening economic conditions have caused several major deals to fall apart in recent months, including the $25 billion sale of student loan provider Sallie Mae and a $4 billion sale of rental equipment firm United Rentals Inc., both to private equity firms.
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