23May
Moss Bros: The Difficulty of Invoking MAC Conditions in UK Public Takeovers
The Takeover Panel (the Panel) has confirmed again in the Moss Bros case how difficult it is for bidders to invoke material adverse change conditions (MACs) and lapse offers in the UK. On 12 March 2020, Brigadier Acquisition Company (a vehicle...
By:
Skadden, Arps, Slate, Meagher & Flom LLP
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