October 31, 2018 | Delaware Business Court Insider
Chancery Makes 'Material Adverse Effect' Finding Allowing Buyer to Terminate MergerIn a landmark decision, a Delaware court has, for what is widely believed to be the first time ever, found that a material adverse effect actually occurred in an acquisition transaction, giving the buyer a right to terminate the pending transaction.
By Peter Flocos, Lisa Stark, Rick Giovannelli and Mark Hammes
6 minute read
Trending Stories