How the Information Rights Trap Handcuffs M&A Sellers

The Acquisition Talk with Fexingo: Mergers, Buyouts, and Business Sales for Operators · Jun 30, 2026 · 11m · transcript

In this episode of The Acquisition Talk, Lucas and Luna dissect the Information Rights clause — a seemingly benign provision in M&A purchase agreements that can lock sellers out of critical financial and operational data after closing, while giving buyers carte blanche to audit everything, often at the seller's expense. Using the real-world example of a mid-market software firm sold in 2023, where the founder was denied quarterly P&Ls for 18 months despite retaining a 30% stake, the hosts explain how broad information rights can be weaponized to delay earnout payments, squeeze minority…