Market Trends: What You Need to Know Based on the American Bar Association's Private Target Mergers and Acquisitions Deal Point Studies: Purchase price adjustments continue to be commonplace in M&A agreements. In the 2019 study, they were included in 95% of reported deals. Working capital is the most common purchase price adjustment metric, included in 92% of deals from the 2019 ABA study. The buyer now almost always prepares the initial post-closing purchase price adjustment calculation. This was the approach for 99% of reported deals in the 2019 study. Increasingly, M&A deals include an est...