The article explores private target M&A agreements and how post-closing purchase-price adjustment mechanisms have a material effect on the value of the transaction to a buyer and seller. It further identifies some commonly encountered problems with working capital true-ups and strategies that parties to a purchase agreement may consider to mitigate potential post-closing working capital disputes by, among other things, utilizing customized solutions.

Read "Working Capital Adjustments: Mitigation of Post-Closing Disputes Through Customization" in its entirety here.