Wary M&A Buyers Up Use Of Performance-Based MAC Clauses

Law360, New York (October 22, 2012, 6:58 PM EDT) -- The frequency of material adverse change clauses and exclusions in acquisition agreements remains roughly the same as last year, but buyers in particular have begun to craft forward-looking provisions around specific kinds of risks, a new study says.

So-called MAC clauses are meant to offer an escape route for buyers in case circumstances change before a sale is finalized and to provide exclusions that insulate sellers from losing out on a deal if the impact of those changes stays minimal. Of the 300 big-ticket deals inked...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.