In the course of takeover bids, the proviso that certain changes at the target company (acquiree: the firm that should be acquired), usually described in detail, render the offer null and void (the clause that gives a buyer the right to terminate the agreement before its completion or at least to renegotiate its terms, if events occur that are detrimental to the business/assets of the target company) This ancillary clause is common because experience shows that target companies have a very great tendency to generously improve the terms of the agreement or make changes to the asset status of the company to employees before the takeover. to make changes to the asset status of the company. – See shareholder vote chase, share swap takeover, bidder, buy out, acquisition offer, suitor,
Mergers and acquisitions, poison pill, hand money, macaroni defense, pacman strategy, mandatory offer, knight, white, shark watcher, spin-off, squeeze-out, voting rights database, synergy potential, deadwood, trade sale, transaction bonus. – Cf. Bafin Annual Report 2003, p. 209 (on MAC clauses).
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