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Delaware Court Orders Buyer to Complete Purchase of Target Despite Pandemic

Buyer had remorse after onset of pandemic and took steps to blame its lenders for its refusal to close. M&A Stories July 25, 2021 Introduction There are some M&A deals where the parties have a deferred closing, meaning that the

Posted in best efforts to secure financing, buyer's covenants, Covenants, specific performance Tagged with: ,

Signing closing documents before closing acquisition results in costly litigation

In 2016, the parties negotiated a stock purchase agreement by which Seller would sell Target, a car dealership, to Buyers and another colleague in two phases. First, Buyers and their colleague were to purchase 21% of Target for $500,000 cash.

Posted in breach of contract, closing, damages, specific performance, stock purchase agreement

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