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Introduction Transactions Overview Initiation of Transaction Process Lock-up Agreements Management Participation Conditions Transaction Timing Special Meeting Dividends and Other Distributions Material Adverse Effect Interim Period Covenants Representations and Warranties Non-Solicitation Right to Match Alternative Acquisition Proposals Break Fee Reverse Break Fee Expense Reimbursement Specific Performance Appendix A: Methodology Appendix B: Transactions Reviewed Appendix C: Blakes Mergers & Acquisitions Practice   Conditions     For take-over bids, how common were the following conditions to the mailing of the take-over bid circular?             In 100% of take-over bids, the minimum tender threshold at the launch of the bid was 66 2/3%     For shareholder-approved transactions, was there a level of dissent conditions?         In 87% of transactions involving Buyer securities as consideration, there was a level of dissent condition. In 37% of transactions involving only cash consideration, there was a level of dissent condition. 5% threshold 45% 10% threshold 40% 15% threshold 5% Other threshold 10%         Go to top