MAC the knife

Article Abstract:

The material adverse change (MAC) clause in merger contracts has come to greater attention in recent months. The clause allows any partner to a deal to withdraw if there is a material change which harms the other's business. However, there are dangers in making the clause too specific or too vague.

Interpretation and construction, Clauses (Law), Contract clauses

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Takeover troubles

Article Abstract:

The takeover policies of the European Union, their implications for the financial market in Europe, and policy on minority stockholders are examined in detail.

Editorial, Economic policy, European Union

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Subjects list: Laws, regulations and rules, Acquisitions and mergers
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