Do Go-Shops Produce Higher Offers? Well...
Many M&A deals include a go-shop but do such provisions actually work? I put this question to John Pollack and David Rosewater, M&A partners with Schulte Roth & Zabel. Pollack and Rosewater recently conducted a review of 25 mergers this year involving private equity and public companies. The deals had a minimum of $500 million in enterprise value. Pollack and Rosewater found that about half of the deals surveyed, or 14, included a "go-shop." J. Crew's $3 billion sale to TPG Capital and Leonard Green had a go-shop, as well as Jo-Ann Stores' $1.6 billion sale to Leonard Green.
8 August 2011•2 mins read
