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Court Of Chancery Upholds Primacy Of Purchase Price Adjustment Clause

By Morris James LLP on April 28, 2015
Posted In M&A

Alliant Techsytems Inc. v. MidOcean Bushnell Holdings L.P., C.A. 9813-CB (April 24, 2015, revised April 27, 2015)

The buyer’s rights under a stock purchase agreement sometimes seem in conflict. This decision resolves such a conflict by holding that under the terms of the agreement, the purchase price adjustment process trumps the buyer’s right to indemnification.

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