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Why a private equity group is rethinking its bid for Mayne Pharma

Triggering a material adverse change clause is rare in M&A. It’s why Mayne should release Cosette’s letter on why it is reviewing its $672m bid.

It’s one thing to announce a merger or acquisition in volatile times, it is another for the deal to survive it. Wobbly markets make for nervous bidders.

Mayne Pharma, which got a $672 million bid from the blue in much calmer times, is finding it out the hard way.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/why-a-private-equity-group-is-rethinking-its-bid-for-mayne-pharma-20250521-p5m0zp