Survey: Market MACs Lose More Teeth

MacFadyen, Ken
December 2006
Investment Dealers' Digest;12/4/2006, Vol. 72 Issue 46, p8
Trade Publication
The article focuses on the results of a survey conducted by the law firm Nixon Peabody LLP, which reveals that the significant power sellers exercise in 2006 is undersored by a general loosening of material adverse condition (MAC) provisions over the year 2005. It is viewed that the clauses related to MAC clauses are still central to most purchase agreements, although instances of buyers pulling their MAC cards remain rare.


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