Acq ws3 detailed notes - Study guides, Class notes & Summaries

ACQ WS3 - Detailed notes Last document update:   ago

The terms of acquisition: Price and payment The SPA is the key document for the sale and purchase of a company. It documents the BYR’s agreement to purchase the shares and pay the relevant price on Closing and the SLR’s agreement to sell the target co. The commercial terms of the agreement are likely to be those set out in the Letter of Intent. In addition, the SPA includes a no. of legal provisions that enable the parties to negotiate key terms of the agreement – esp. risk allocation...