This article provides a checklist of issues for buyers to consider as they negotiate letters of intent (LOIs) for mergers and acquisitions (M&A) deals taking place during the COVID-19 pandemic. The authors explore considerations regarding transaction structure, purchase price, representations and warranties, interim covenants, closing conditions, exclusivity period and approvals, Material Adverse Effect (MAE), and due diligence.
Reproduced with permission. Published May 2020. Copyright 2020 by The Bureau of National Affairs, Inc. (800-372-1033) http://www.bna.com.