Page 7 - M & A Disputes

Contents

Introduction and Scope of This Practice Aid ................................................................................................... 12

Intent of This Practice Aid ................................................................................................................................ 12

Chapter 1 — Overview of Merger and Acquisition Transactions and Disputes .......................................... 13

Mergers and Acquisitions ................................................................................................................................. 13

Asset Purchases ............................................................................................................................................. 14

Stock Purchases ............................................................................................................................................ 14

Merger ........................................................................................................................................................... 14

Stages of M&A Transactions ............................................................................................................................ 15

Circulation of the Offering Memorandum and Confidentiality Agreement ................................................. 16

Establishment of the Data Room .................................................................................................................. 17

Due Diligence ............................................................................................................................................... 17

Negotiations Regarding the Purchase Price and Structure of the Transaction ............................................. 17

Signing a Letter of Intent .............................................................................................................................. 18

Additional Due Diligence and Drafting of the Acquisition Agreement ....................................................... 18

Closing the Transaction ................................................................................................................................ 18

Postclosing Activities.................................................................................................................................... 18

The Acquisition Agreement .............................................................................................................................. 19

Recitals .......................................................................................................................................................... 19

Definitions..................................................................................................................................................... 19

Sale and Transfer .......................................................................................................................................... 19

Closing Date.................................................................................................................................................. 20

Purchase Price ............................................................................................................................................... 20

Purchase Price Adjustment ........................................................................................................................... 20

Earnout Clauses ............................................................................................................................................ 21

Representations and Warranties .................................................................................................................... 21

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