Article
Sallie Mae And Genesco Lawsuits Highlight Need For Clear, Specific MAC/MAE Language In Acquisitions
MAC and MAE clauses allow parties to a merger or acquisition agreement to define and allocate risk regarding events arising between the signing of an agreement and the closing of the transaction. Today, MAC or MAE clauses in one form or another are included in virtually all major transaction agreements.To have their intended effect, MAC/MAE clauses must be written as plainly and specifically as possible.

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