HandbookProtections
What do the Protections dots mean here?
What it means and how to read it on a deal.
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Tracking Alpha
What it is
Seven contract facts the list draws as dots, one per fact, so they can be compared down the column.
On the site asProtections
One deal's seven dots, as a row shows them
- No financing condition
- Target can force the close in some cases
- Buyer need not litigate
- Divestitures up to a limit
- Go-shop not in the filings
- Reverse fee 6.0% of value
- No CVR
- Solid: yes
- Outlined: in some cases
- Faint: no
- Dashed: not in the filings
- 1No financing condition
- 2Target can force the close
- 3Buyer must litigate
- 4Buyer accepts divestitures
- 5Go-shop
- 6Reverse fee
- 7Plus a CVR
How to read it
In order: no financing condition, target can force the close, buyer must litigate, divestitures the buyer accepts, go-shop, reverse fee and plus a CVR.
Point at or tap a dot for its words; the arrow keys move between them. A dot says what the contract states. It isn't a score: solid is not better than faint.
One deal's seven dots, as a row shows them
- No financing condition
- Target can force the close in some cases
- Buyer need not litigate
- Divestitures up to a limit
- Go-shop not in the filings
- Reverse fee 6.0% of value
- No CVR
- Solid: yes
- Outlined: in some cases
- Faint: no
- Dashed: not in the filings
- 1No financing condition
- 2Target can force the close
- 3Buyer must litigate
- 4Buyer accepts divestitures
- 5Go-shop
- 6Reverse fee
- 7Plus a CVR
