With over $4.7 trillion in announced deals, 2015 was a record year for M&A. An article in the New York Times' DealBook discussed how deals in 2015 were not only huge but they were complicated. While all M&A deals have some level of complexity, the article highlights a few examples of complex deals from this year. Pfizer and Allergan seeking to merge through a tax-inversion deal, SABMiller's multiple required divestitures, and Dell's use of a "tracking stock" in the EMC deal w

While there are a number of ways micro-cap issuers can finance acquisitions, seller financing is a tool that is often forgotten or underutilized by micro-cap acquirers. There are two ways a seller can finance an acquisition for a micro-cap acquirer; (1) seller note(s) and (2) stock consideration. Both of these forms of acquisition financing are more powerful for public acquirers than they are for private acquirers. 1. Seller Notes – Sellers notes are notes payable to the sell