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.

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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.

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Spaghetti Monti

Article Abstract:

European and US antitrust policies are examined and European officials may have become more aggressive over mergers.

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