Product Description
In early August 2020, the board of Far Point Acquisition Corporation (Far Point), a Special Purpose Acquisition Company (SPAC), met to discuss whether they needed to walk away from their deal to acquire Global Blue. Global Blue was a retail and technology payments company best known for their business in international tax-free shopping. Far Point had signed an agreement to buy Global Blue in January 2020, just before COVID-19 struck. Companies in the travel industry, like Global Blue, were particularly hard hit, and Far Point could argue that Global Blue had suffered a “Material Adverse Effect” that would let Far Point out of the deal. The Far Point board had to decide what to do.
Product Videos
Custom Field
Published
November 2020
Length
17 pages
English
PDF
Product Type
Discussion -Based Case Study
Link to Faculty Author Page
Guhan Subramanian
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