Debevoise & Plimpton LLP is pleased to present our Winter edition of MarketCheck, a periodic report to help M&A market participants navigate today’s complex dealmaking landscape. Each issue of MarketCheck features insights from senior Debevoise lawyers on economic, regulatory and legal topics related to corporate transactions, with a focus on public companies. If you would like to access prior issues of MarketCheck, please click here.

This edition covers a diverse range of topics including a guest article from bankers at Guggenheim Securities, a review of cases involving earn-outs, an update on the current state of the Treasury and IRS’s proposed regulations on the corporate alternative minimum tax, a discussion of environmental issues to consider in divestitures, a list of five top-of-mind topics for public company M&A in 2025, and a survey of recent activist campaign settlements. We also feature practice notes, healthcare industry updates, and charts illuminating aspects of shareholder activism, earn-outs and CVRs.

The Debevoise M&A Group consistently leads transactions for some of the world’s most prominent corporations, financial services institutions and private equity firms. Debevoise clients receive the hands-on, personal attention of sophisticated M&A partners who have broad experience in public and private M&A and specialize in complex, multifaceted transactions. Intense partner focus, a blend of practice breadth, specialization and teamwork, and a rigorous dedication to quality define the way that Debevoise handles M&A assignments.