MAEjor Ruling: Delaware Court of Chancery Finds Target Suffers Material Adverse Effect and Acquirer Could Back Out of Transaction
Cooley M&A
OCTOBER 29, 2018
Fresenius Kabi AG , C.A. The court also found that Fresenius was justified in not closing the transaction before the end date because of the occurrence of an MAE. We can no longer give this advice. In its decision in Akorn, Inc. 2018-0300-JTL (Del. the adverse change constituted an MAE as defined in the merger agreement.
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