Client Alert: COVID-19: M&A Ramifications

The novel coronavirus, or COVID-19, is upending daily life across the world, and it is anticipated that these disruptions will last for several months, at a minimum.  Given that the life cycle of an M&A transaction often extends over the better part of a year, there is no doubt that the COVID-19 outbreak will have an impact on M&A activity across the world for the foreseeable future.  This disruption, however, does not mean the end of M&A activity.  A host of opportunities to acquire entities and assets will present themselves in the coming months.  With proper planning and necessary adjustments, companies will still be able to diligence potential deals, secure financing, negotiate transaction documents, and close transactions during this trying time.  This Client Alert highlights some considerations that buyers and sellers (with the assistance of their legal and financial advisors) should be taking into account in light of COVID-19.