3-Hour Program

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Overview

Why You Should Attend

Business separation transactions represent a substantial portion of all M&A transactions.  Many of these take the form of spin-offs, equity carve-outs and similar architectures not involving an outright sale.  But what is a spin-off, what makes it different from other types of business separation transactions, and why are people doing more of them?  This program will provide an in-depth perspective on the factors that drive the recent trend towards business disaggregation, the fiduciary duties of directors in considering and approving spin-offs, and the latest developments in the complex requirements that apply to spin-offs under federal securities and tax laws.  In addition, emphasis will be given to practical obstacles and pitfalls in structuring and executing spin-offs, such as those arising in connection with contracts, intellectual property and employee benefits.

What You Will Learn

  • Strategic and other factors motivating companies to spin off business units
  • Different architectures for accomplishing transaction objectives
  • What directors need to do in order to comply with their fiduciary duties when considering and approving spin-offs
  • Recent developments in structuring spin-offs that are tax-free and exempt from Securities Act registration

Credit Details