M&A Boot Camp booklet 2023 - Flipbook - Page 68
Closing Conditions
What’s a closing condition?
How do closing conditions differ from covenants? Can a party “breach” a
closing condition?
Why might the conditions to the buyer’s obligation to complete the
acquisition be more extensive than the conditions to the target’s
obligation to complete the acquisition?
What are the consequences of failing to satisfy a closing condition?
What is the typical length of time between the signing of the definitive
acquisition agreement and the closing…
– In an acquisition of a private company?
– In an acquisition of a public company?
What is the relationship between closing conditions and termination
rights?
Hogan Lovells US LLP
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