Legal Blog

M&A Nugget: March Madness

Just as teams in the NCAA Basketball Tournament need to be prepared as the clock winds down in the final minutes of a close game, the parties in a merger need to prepare ahead of time for those items that normally, either intentionally or unintentionally, are not addressed until shortly before closing. Included among these items that are often left to the last minute are:

  1. Closing adjustments;
  2. Obtaining wire transfer instructions for the purchase price money and alerting the seller’s bank to be on the lookout for the wire transfer;
  3. Obtaining resignations from the seller’s officers and directors;
  4. Preparing a bulk sale tax return (in Maryland);
  5. Obtaining landlord consents to lease assignments; and
  6. Obtaining lien releases from lenders and vendors.

By handling what are often last minute items well ahead of closing, the pressure of advancing to the closing can be relieved, at least somewhat.



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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