Management Buyouts, Efficient Markets, Fair Value and Soft Information
Leveraged buyouts, particularly by a corporation's management, provide unique opportunities for investors to realize extraordinary profits. In his Article, Professor Repetti examines the potential harm to shareholder interests when management effects a corporate buyout or bailout, and analyzes the effectiveness of current regulatory and common-law protection against that harm Professor Repetti concludes that the existing regulatory and common law schemes do not adequately protect shareholder interests and proposes as a solution that the Securities and Exchange Commission promulgate rules requiring enhanced disclosure in management buyouts.
James R. Repetti. "Management Buyouts, Efficient Markets, Fair Value and Soft Information." North Carolina Law Review 67, (1988): 121-170.