Eckbo, B. Espen; Thorburn, Karin S. - In: Foundations and Trends(R) in Finance 7 (2013) 3, pp. 159-288
We survey the empirical literature on corporate financial restructuring, including breakup transactions (divestitures, spinoffs, equity carveouts, tracking stocks), leveraged recapitalizations, and leveraged buyouts (LBOs). For each transaction type, we survey techniques, deal financing,...