For a buy-side banker advising its client, which of the following changes to contractual items might make its client's offer LESS appealing to the target?

For a buy-side banker advising its client, which of the following changes to contractual items might make its client's offer LESS appealing to the target?






A) A lower break-up fee
B) Looser Material Adverse Effect (MAE) provision in the Definitive Agreement
C) Looser target covenants
D) Lesser indemnification rights









Answer: B