POWER OF KNOWLEDGE

Insight Center: News

James D. Rosener Quoted in CNBC Article, 'Musk's Take-Private Proposal for Tesla Is a Nightmare for Potential Advisors'

8/16/2018
James D. Rosener Quoted in CNBC Article, 'Musk's Take-Private Proposal for Tesla Is a Nightmare for Potential Advisors'

James D. Rosener, a partner in the Commercial Department of Pepper Hamilton, was quoted in the August 16, 2018 CNBC article, "Musk's Take-Private Proposal for Tesla Is a Nightmare for Potential Advisors."

"Musk's only ticket out to avoid civil and enforcement litigation is a successful transaction or a transaction the special committee rejects when fully financed," said Jim Rosener, a partner at Pepper Hamilton who specializes in private equity mergers and acquisitions and corporate finance.

...

So there would need to be conditions around who can and can't roll over -- possibly based on how many shares they currently own, said Rosener. This may kill the dream of Elon Musk fans who want to stay investors in a private company.

...

The Foreign Investment Risk Review Modernization Act (FIRRMA) will make advisors' jobs even more challenging, said Rosener. The CFIUS reform act was recently signed into law by President Trump and further complicates which transactions will be subject to approval.

View News

Data protection laws have changed, so we have revised our Privacy Policy.

CLOSE