Completion Mechanisms – Locked Box Accounts (Part 3)

Completion Mechanisms – Locked Box Accounts (Part 3)

Unlike the Completion Accounts Mechanism, where the purchase price is finalized after Completion, in the “pure” Locked Box Accounts Mechanism, the purchase price is finalized prior to Signing, when the seller still holds title and control over the Target. Under the Locked Box Mechanism, the Equity Value is determined based typically on the accounts provided […]

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