Philip Richter quoted in <em>Practical Law Company</em> article on stapled financing

Philip Richter quoted in Practical Law Company article on stapled financing

New York corporate partner Philip Richter is quoted in an article discussing the revival of stapled financing and its associated benefits and legal risks. Commenting on one of the benefits, Mr. Richter said, “The comfort that comes from the confidence that financing will be available to bidders makes it easier for the seller to embark on the sale process.” Regarding risks, such as the potential for conflicts of interest, Mr. Richter commented, “While the potential for conflicts exists, these can be managed quite effectively. As long as precautions are taken, boards of directors should consider stapled financing as a legitimate option.”