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Material Adverse Change or Effect
(redirected from MAC Clause)

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Material Adverse Change or Effect
Many mergers and acquisitions contracts include a material adverse change clause that allows a company to renegotiate or walk away from a deal if the other company or its subsidiaries announces a significant event that may negatively affect its stock price or operations. See also materiality.
Material Adverse Change or Effect
A clause in some merger and acquisition contracts allowing the acquiring to cancel a deal before it is finalized if material information is revealed that negatively impacts the target company's stock price. See also: Due diligence.
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MAC clauses, because they have been interpreted the way they have, you need them but no one should engage in over-reliance on them.
The drowned and the saved by Banker Middle East
A MAC clause is a clause typically requested by the purchaser of a business to be inserted into a sale and purchase agreement (SPA).
MAC clause: the contract clause that leaves prospective buyers ... by Nemethy, Les / The Sofia Echo (Sofia, Bulgaria)
Bank of America shareholders approved the agreement with the MAC clause December 5, 2008.
Did Bernanke and Paulson commit bank fraud? by The New American
 
 
 
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