Published on 22 Jul 04
by VICTORIAN DIVISION, THE TAX INSTITUTE
This paper covers the following issues:
- differences between an asset and a share acquisition
- objectives in drafting the Share Sale Agreement
- issues to be covered in the documentation - impact on what is sold, exposure to vendor liabilities, clean exit, completion accounts, and management of target's tax affairs
- time of transfer
- drafting the contract.
This was also presented by Thomas McAuliffe at the Consolidation: M&A Experiences seminar held in Sydney on 28 July 2004.