Pension fund lawsuit to transform M&A marketplace

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US - Shareholders led by an Illinois pension fund have received $89.4m from Del Monte and Barclays Capital after being cashed out of a private equity buyout deal.

The lawsuit, which resulted in Del Monte paying $65.7m and Barclays paying $23.7m to shareholders, challenged the common practice by many deal advisers to simultaneously offer sell-side financing in a...

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