Monthly Archives: August 2022

BUYER CAN’T FORCE AUTO DEALER SELLER TO APPEAL GM’S REFUSAL TO CONSENT TO SELLER TRANSFER OF DEALERSHIP TO BUYER

The asset purchase agreement gave the seller the right to terminate the deal if the transaction had not closed by the outside closing date and GM had refused to consent to the transaction. M&A Stories August 30, 2022 Introduction The

Posted in Problems with sale of auto dealerships Tagged with: ,

COURT RULES THAT CLOTHING MAKER ASSET BUYER PURCHASED SELLER $325K CD

The certificate of deposit was deposited by the seller with the state of Tennessee to secure its self-insured worker’s compensation program. M&A Stories August 23, 2022 Introduction It is very important when purchasing the assets of the business that the

Posted in Description of business assets purchased Tagged with: ,

CAR DEALERSHIP BUYER LOSES DEAL BECAUSE OF INCOMPLETE FRANCHISE APPLICATION

The buyer CFO failed to submit financials for its other five dealerships to Hyundai in its original consent application. The seller terminated the deal because the buyer did not secure Hyundai consent to buyer’s purchase of dealership by the purchase

Posted in Problems with franchise deals Tagged with: ,

SELLER IN $1.1 BILLION FIVE HOSPITAL DEAL FORCED INTO DELAWARE COURT IN FIGHT OVER $27.7 MILLION PRORATION DISPUTE WITH BUYER

The buyer gives technical arguments to the court to justify its refusal to pay to the seller its share of funds it received from a state of Florida program designed to compensate hospitals for providing treatment to Medicaid patients at

Posted in problem with prorations Tagged with: ,

SELLER FAILS TO COLLECT DEFERRED PURCHASE PRICE FROM OWNER OF BANKRUPT ACQUISITION SUBSIDIARY

The owner of the acquisition subsidiary did not guarantee the obligations of the bankrupt acquisition subsidiary. The court rejected the seller’s attempt to pierce the corporate veil of the acquisition subsidiary to collect from its owner. M&A Stories August 01,

Posted in Problems with Deferred Purchase Price Tagged with: ,

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