Mergers & Acquisitions Mergers & Acquisitions

Comment: Merger agreements could make it difficult for companies to use Covid-19 to abandon deals

By Brian Baker
  • 30 Mar 2020 16:56
  • 30 Mar 2020 17:30
Companies looking to use the coronavirus outbreak as a reason to abandon a merger may find it difficult to employ the language contained in their merger agreements concerning material adverse effects.

Material adverse-effect clauses written in merger agreements allow companies to cancel a transaction if an event occurs that significantly damages the deal’s

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