WebKohlberg sent Snow Phipps a letter of intent to acquire DecoPac for $580 million. In early March 2024, based on concerns about the pandemic, just before the parties signed the … WebAug 26, 2024 · 26 August 2024 In Snow Phipps Group, LLC v. KCAKE Acquisition, Inc. (C.A. No. 2024-0282-KSJM), the Delaware Court of Chancery ordered specific performance of a …
Snow Phipps Group v. KCAKE Acquisition: DE addresses MAE …
WebMay 21, 2024 · On March 6, 2024, DecoPac, a portfolio company of private equity firm Snow Phipps, entered into an agreement to be acquired by an affiliate of private equity firm Kohlberg & Company for $550 million. DecoPac is a supplier of cake-decorating products and ingredients to in-store supermarket bakeries. WebMay 19, 2024 · Last Friday [April 30, 2024], soon-to-be Chancellor McCormick issued a decision in Snow Phipps Group, LLC v. KCake Acquisition, Inc. that ordered the defendant buyers to specifically perform their agreement to acquire DecoPac Holdings, Inc. (“DecoPac” or the Company), which sells cake decorations and technology for use in supermarket … エコキュート 購入 おすすめ
“Chalking Up a Victory for Deal Certainty,” Delaware Court …
WebSnow Phipps Group, LLC, et al. v. KCake Acquisition, Inc., et al. Annotate this Case Download PDF Search this Case Google Scholar Google Books Legal Blogs Google Web … WebMay 11, 2024 · KCake Acquisition, Inc., 2024 WL 1714202 (Del Ch. April 30, 2024), reaffirms the difficulty of successfully invoking an MAE clause even in the absence of applicable MAE exceptions, it also focuses, in dicta, on the extreme breadth that exceptions to the MAE clause can have to negate the occurrence of a material adverse effect (even if one … WebMay 10, 2024 · KCAKE Acquisition, Inc. which proved the wisdom in the parties’ decision to renegotiate and ultimately close the deal. The ruling in the Snow Phipps Group case explicitly held that a pandemic does not constitute an MAE unless the target had reduced sales of over fifty percent for an extended period of time. [39] panasonic solid state tv