• South Africa
• Barloworld, Conditions Precedent, M&A, MAC, Material Adverse Change, Shareholder approval, Tongaat Hulett
• May 13, 2020

Corporate mergers and acquisitions are fascinating beasts. In case you’re wondering, MAC doesn’t stand for mergers and acquisitions, but more on that later. The headlines always describe the deal as though nothing can go wrong. “Tongaat Hulett sells Starch division to Barloworld for R5.35 billion,” screamed the business media back in March. The better media houses (like Creamer Media) typically …