Davis Polk partner Stephen Salmon will be among speakers at the Western M&A/Private Equity Forum, the preeminent conference devoted to addressing the most pertinent and timely topics impacting M&A and Private Equity professionals today. Salmon will be a panelist on the “M&A Tips and Tactics For Private Target Deals” panel, which will discuss industry issues and related negotiating strategies, including:
- Purchase Price Adjustments: traps for the unwary in definitions of net working capital, closing debt and transaction expenses
- Indemnity: who should indemnify, IP indemnity, liability for non-meritorious claims, narrowing fraud definition, and limiting fraud remedies
- Representations: risks of not qualifying reps (infringement, compliance, IT systems; financial controls, absences of developments, collectability of A/R)
- HR: forced re-vesting, carve out of retention funds from deal value, ensuring that target employees receive comparable pay/severance, and limiting excessive non-competes
The program will be held October 11, 2018, in San Francisco.
For more information, please visit the event website.