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Latham, Kirkland Lead $718M Sale Of Huntsman's Textile Biz

Law 360 M&A

Huntsman Corp. will sell its Textile Effects division to SK Capital-backed specialty chemicals company Archroma for $718 million, in a deal guided by Latham & Watkins LLP and Kirkland & Ellis LLP, the companies announced Tuesday.

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Material Adverse Effect Clauses

Erik A. Lopez

Without this language, it’s conceivable that an eventuality that would certainly reduce a target company’s future value without having any impact on its current operations and earnings would not qualify as an MAE. An example would be a failure to obtain FDA approval for a new drug.

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Pandemic-Related Deal Litigation Highlights Buyer Leverage in Transactions Requiring Debt Financing

Cooley M&A

Realogy and SIRVA, a portfolio company of Madison Dearborn Partners (or MDP), entered into a purchase agreement in November 2019, pursuant to which SIRVA agreed to acquire Cartus, a subsidiary of Realogy that provides relocation counseling. 4] Realogy Holdings Corp. Huntsman Corp. , not a legitimate financing failure).

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MAEjor Ruling: Delaware Court of Chancery Finds Target Suffers Material Adverse Effect and Acquirer Could Back Out of Transaction

Cooley M&A

In reaching these holdings, the court found that: the target’s business experienced a “dramatic, unexpected and company-specific downturn” shortly after signing due in part to “serious and pervasive data integrity problems” that adversely impacted the target’s regulatory compliance. Huntsman Corp. , 2018-0300-JTL (Del.

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Twitter v. Musk: Where Are the Arbs?

Reynolds Holding

Most recently, Twitter’s stock price rose to around $39 after the Delaware chancellor granted the company an expedited trial. Huntsman Corp. , Normally, the arbs buy the target stock until its price approaches the merger price (minus some allowance for risk). This is not a corporate decision, but one involving a house sale. [5]

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