The Delaware Superior Court held that the buyer in purchase agreement’s post-closing operation covenants had breached a covenant to grow target’s fleet of tractor trucks by 60 tractors per year for three years. M&A Stories May 13, 2022 Introduction: Earnout…
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STRATEGIC BUYER REQUIRED TO PAY $40 MILLION EARNOUT FOR TRUCKING COMPANY DESPITE MISSED EBITDA TARGETS
Posted in problems with earnouts Tagged with: Delaware Superior Court Ruling, Earnout Structure in Acquisitions, EBITDA Earnout Targets, Integration of Acquired Business, M&A Earnout Disputes, Post-Closing Operation Covenants, Purchase Agreement Ambiguity, Schneider National Carriers v. Kuntz Case, Strategic Buyer Obligations, Trucking Company Acquisition
Recent Posts
- Mitigating Buyer Risks in M&A: Managing Asset Seller Liabilities
- Challenging a M&A Buyer’s Good Faith in an Earnout Dispute
- Navigating Earnout Disputes in M&A: Insights from Dolce v. WTS International, LLC
- Understanding M&A Asset Buyer Responsibilities for Unassumed Seller Contracts
- Navigating Real Estate Lease Assignments in M&A: A Case Study
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