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1.Assume that Target has 10 years left on the commercial lease for its primary manufacturing facility. Assume further that this lease includes a non-assignment clause
1.Assume that Target has 10 years left on the commercial lease for its primary manufacturing facility. Assume further that this lease includes a non-assignment clause that requires the consent of the landlord in order for Target to assign its interest under the lease. What will happen to Target's rights and obligations under the lease if Bidder should acquire Target by way of:
a.A direct merger?
b.A stock purchase?
c.A reverse triangular merger?
d.A forward triangular merger?
e.A sale of assets?
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