Latest / The Acquisition Talk with Fexingo: Mergers, Buyouts, and Business Sales for Operators
The M&A HSR Wait That Cost a Buyer 60 Million
Episode 138 of The Acquisition Talk examines a common but deadly M&A pitfall: the HSR second request. Lucas and Luna walk through the story of a private equity firm that agreed to buy a specialty chemicals company for $400 million, only to see the FTC drag the deal through a nine-month antitrust review. The delay triggered financing cost escalations, market shifts, and management distraction that collectively erased $60 million in deal value. The hosts break down what went wrong—the assumptions about clearance timelines, the lack of a reverse termination fee trigger linked to regulatory…
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