Today, stock purchases carry a sting of dilution. Vanguard Natural Resources plans to buy out LRR Energy by swapping MLP units. Royal Dutch Shell's $70 billion BG Group acquisition used stock worth nearly one-fifth of the company. These panelists discuss what's best for public buyers and private sellers, and what are the alternatives.

  • Daniel East, principal, The Carlyle Group; and
  • Dennis Cassidy, managing director, AlixPartners.