A term sheet relating to a potential acquisition of a privately held target company: a. Generally must be filed by the b
Posted: Sun Jul 03, 2022 4:27 pm
A term sheet relating to a potential acquisition of aprivately held target company:
a. Generally must be filed by the buyer with the SEC
b. Is generally of little practical significance because itis non-binding
c. Generally must be disclosed by the target company to allof its shareholders
d. None of the above
“Dating” a representation made by the targetcompany:
a. Has no effect on the buyer’s walk rights orindemnification rights
b. Provides a benefit to the target company by essentiallyinsulating the representation from being brought down to theclosing
c. Provides a benefit to the buyer by pinning down the dateas of which the representation is made
d. None of the above
a. Generally must be filed by the buyer with the SEC
b. Is generally of little practical significance because itis non-binding
c. Generally must be disclosed by the target company to allof its shareholders
d. None of the above
“Dating” a representation made by the targetcompany:
a. Has no effect on the buyer’s walk rights orindemnification rights
b. Provides a benefit to the target company by essentiallyinsulating the representation from being brought down to theclosing
c. Provides a benefit to the buyer by pinning down the dateas of which the representation is made
d. None of the above