WSG Article: Mergers and Acquisitions 2002: Getting the Deal Done - Current Legal Issues - Haynes and Boone, LLP
Haynes and Boone, LLP
June 13, 2002 - Dallas, Texas
Mergers and Acquisitions 2002: Getting the Deal Done - Current Legal Issues
by Tom D Harris
Mergers and Acquisitions 2002: Effective Dealmaking in the Post-Boom Economy
A Powerpoint presentation covering the following:
Current M&A from a Seller's Perspective
Current M&A from a Buyer's Perspective
For Both Buyer and Seller, Increased Challenges for M&A Transactions
MAC Conditions Invoked as a Reason for Termination of the Deal – The Impact of Tyson and Enron
What is a MAC? A material adverse change in what?
What does “material” mean?
Where’s the beef? Tyson Foods vs. IBP
MAC Attack: Tyson vs. IBP
The Big MAC: Enron/Dynegy
PRACTICAL MAC TIPS
Speeding Up the Timeframe for Closing the Deal
Use of Early Commencement of Exchange Offers under Regulation M-A to Shorten the Timeframe for Closing
Using Contractual Deal Protection Provisions
Getting the Deal Done – Current Deal Protection Measures
Stronger Deal Protection Measures may be Acceptable under Certain Circumstances
Elimination of Pooling/Goodwill Impairment
Protecting Against Defaults – M&A Insurance
Fiduciary Duties of Directors
Fiduciary Duties of Directors of Targets in M&A Transactions
How to Protect Directors Against Liability in M&A Transactions
Due Diligence
Post-Closing Purchase Price Adjustments
Increased Use of Earnouts
Read full article at: http://www.haynesboone.com/FILES/tbl_s12PublicationsHotTopics/PublicationPDF60/761/06_13_2002_Rice_Harris.pdf