Latest / The Acquisition Talk with Fexingo: Mergers, Buyouts, and Business Sales for Operators
Why the MAC Clause Killed a Billion-Dollar Deal
Lucas and Luna dissect how a single Material Adverse Change clause unraveled a $1.2 billion acquisition in June 2026. They walk through the real-world trigger — a sudden regulatory shift in EV battery raw materials — and explain why MAC clauses are the most fought-over paragraph in M&A contracts. Along the way, they break down the five key components every operator should understand: the definition of 'material,' the carve-outs for industry-wide events, the burden of proof, the time horizon, and the interplay with reverse termination fees. Listeners come away with a concrete…
The skinny
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