Art of the Corporate Deal, Fourth Edition

When The Art of the Corporate Deal was written in 1999, the KPMG head of mergers and acquisitions, who had been given an advanced copy, referred to the book as "a single source reference to corporate and business-related matters that would be a welcome addition to the library of lawyers, accountants, and other professionals engaged in the small and middle- company sector of corporate mergers and business acquisitions." Each subsequent edition was updated and expanded and this, the 4th edition, is current as of the date of writing. The introductory chapter, new to this edition, is an in-depth primer on the subject of determining the present market value of capital or debt securities based upon the capitalization of the expected cash flow. Also included in this new edition is an in-depth treatment of the so-called "hybrid sale of shares/acquisition of assets agreement" which bridges the competing interests of the vendor and the purchaser by giving to each the tax benefits that each is seeking. As a practicing lawyer for over sixty years, Barry Lipson has represented companies and businesses of varying sizes in corporate, real estate and trust matter both in Canada and United States and has acted as the lead lawyer on a number of Canada's major transactions. His writings and lectures throughout the years have been well received by lawyers, accountants and other professionals engaged in commercial transactions.