WebMar 22, 2024 · The April 30, 2024, Snow Phipps Group LLC v. KCake Acquisition Inc. decision In all three cases, the court has interpreted: "Ordinary course of business" to mean the ordinary course... WebPlaintiff Snow Phipps Group, LLC (“Snow Phipps,” and with DecoPac Holdings Inc., “Plaintiffs”) is a private equity firm focused on investments in middle-market companies.
“Hell Or High Water” Clauses in Merger & Acquisition Agreements
WebMay 3, 2024 · Last Friday, soon-to-be Chancellor McCormick issued a decision in Snow Phipps Group, LLC v. KCake Acquisition, Inc. that ordered the defendant buyers to … WebAug 27, 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 US$550 million … grey siding black shutters red door
Delaware Court of Chancery orders closing under the Prevention …
WebJun 2, 2024 · In Snow Phipps Group, LLC v.KCake Acquisition, Inc., 1 the Delaware Court of Chancery ordered Kohlberg & Co., LLC (Kohlberg) to acquire DecoPac Holdings Inc. (DecoPac), a cake decoration supplier, for $550 million. Although some of this opinion affirms prior Delaware case law, the opinion is notable because newly sworn-in Chancellor … WebMay 6, 2024 · In this decision— Snow Phipps Group, LLC v. KCAKE Acquisition, Inc. —the court rejected the buyer's attempt to terminate the deal on the basis of an alleged material adverse change (MAC) in the target's business and the target's alleged failure to operate in the ordinary course. WebKCAKE Acquisition, Inc., C.A. No. 2024-0282-KSJM (Del. Ch. April 30, 2024, modified June 2024), the court reviewed a topic of importance in deal litigation and one that has been the subject of many blog posts on these pages: an analysis of when reasonable best efforts or commercially reasonable efforts, which are deemed equivalent standards, have … field kick soccer