The Party Must Continue X2013 Witha Cake News Today : Breaking News, Live Updates & Top Stories | Vimarsana

On April 30, 2021, the Delaware Chancery Court (the
“Court”) issued a decision in
Snow Phipps Group,
LLC v. KCake Acquisition, Inc., ordering an affiliate of
private equity buyer Kohlberg & Co. (“Kohlberg”) to
acquire cake decoration supplier, DecoPac Holdings Inc.
(“DecoPac”), for $550 million. In the opinion, newly
sworn-in Chancellor Kathaleen McCormick affirmed prior case law on
several common contractual provisions that bear on deal certainty
in the time of COVID-19 (including material adverse effect, or
“MAE,” conditions; interim operating covenants; and the
reasonable best efforts standard). Most notably, however, the Court
said it had “chalked up a victory for deal certainty”
by granting DecoPac s request to force Kohlberg to ....

United States , Kathaleen Mccormick , Snow Phipps Group , Decopac Holdings Inc , While The Court , Implications Of The Delaware Chancery Court , Acquisition Inc , Kcake Acquisition Inc , Kohlberg Co , Delaware Chancery Court , Kohlberg Fund , Decopac Holdings , Chancellor Kathaleen Mccormick , Snow Phipps , Specific Performance , Debt Financing , Estimated Closing Payment , Does Fund , Phipps Group , Kohlberg Investors , The Party Must Continue X2013 Witha Cake , Corporate Commercial Law , Corporate And Company Law , M Ampa Private Equity , ஒன்றுபட்டது மாநிலங்களில் , பனி ஃபிப்ஸ் குழு ,