November 22, 2004
Another Money Maker (for the
Here’s a VERY interesting recent development in the M&A arena.
The Board of Directors of Visx Inc., in its recent merger with Advanced Medical Optics Inc., hired their own separate counsel to conduct due diligence in the transaction. Though predicted for sometime as likely to occur in today’s SOX environment this is the first Board we’ve heard of taking this step.
While an obvious additional cost for the transaction it would appear to be another (and welcome) revenue avenue for the legal community.