Revisiting Selected Public M&A Deal Points: A Cross-Border Comparison

The Market Trends Subcommittee of the Mergers and Acquisitions Committee of the Business Law Section of the American Bar Association recently released its latest edition of (i) the Strategic Buyer/Public Target M&A Deal Points Study which analyses acquisitions of US publicly-traded targets announced in 2014 and (ii) the Canadian Public Target M&A Deal Points Study which analyses acquisitions of Canadian publicly-traded targets announced in 2013 and 2014.  Our colleagues on CanadianM&ALaw.com have highlighted key findings of these studies with respect to material adverse changes, dissent/appraisal rights, no-shop and go shop provisions and superior proposal and match rights, among other types of provisions in public M&A acquisition agreements.