Opinion
COVID-19 exposes M&A risks
The pandemic might be a material adverse change that entitles a bidder to walk away from a scheme of arrangement deal, but it depends on the facts.
Rodd LevyEach time our markets experience a major downturn, we see bidders trying to extricate themselves from previously announced transactions.
The current COVID-19 induced economic correction is no different in this respect. This has been the case in transactions involving, amongst others, CML Group, Metlifecare and Chant West Holdings.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles