Legal Blog

M&A Nugget: An Irish Proverb

As St. Patrick’s Day was celebrated, it reminded me of an old Irish proverb, “lie down with dogs and you’ll rise with fleas”. That proverb certainly applies to mergers and acquisitions, as buyers need to be on the lookout for warning signs, or skeletons in the closet, of their targets. A few items that should spark concern include high turnover at certain positions, an unusual number of worker’s compensation claims, the seller’s inability to provide detailed financial information, family relationships between the seller and its vendors or suppliers, and unusually long aging of accounts receivable. While all of these items, if known, can be dealt with through contract negotiations and implementing change post-acquisition, if these items are not uncovered prior to a sale they could come back to bite the purchaser and interfere with the success of the merger post-closing.



If you have any questions about this or any other M&A issue,
please contact Glenn Solomon at or 443-738-1522.


ABOUT GLENN D. SOLOMON | 443-738-1522

Glenn D. Solomon is a principal at Offit Kurman and has provided counsel to businesses and business owners for more than twenty-five years. He has extensive experience in the purchase and sale of businesses, structuring ownership agreements, and advising companies in financial distress.








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