M&A Foundations · glossary
The central contract for a share sale: parties, price, conditions, completion mechanics, warranties, indemnities, limitations and boilerplate, with the detail in schedules. This workbook dissects a complete one — the Sunrise SPA — clause by clause. Chapter 10
Explained in Chapter 10, Anatomy of an SPA, of M&A Foundations.
The main page for this term is SPA (share purchase agreement), in Finance Deals & Syndicated Lending.
M&A stands for mergers and acquisitions — the business of buying and selling companies. In English legal practice the everyday deal is not really a “merger” of equals at all. It is an acquisition, where one party (the buyer) buys a company (the target) from its owners (the sellers) for a price (the consideration). The deal is recorded in one central contract — usually a Share Purchase Agreement, or SPA — and supported by a cast of documents, advisers and processes.Read Chapter 1, What M&A Actually Is →
Every chapter of M&A Foundations is free to read, including the full training share purchase agreement.
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This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open M&A Foundations → · All terms A–Z →