Widget not in any sidebars
As part of the operations of the M-A, the use of “clean rooms” (d.h. data spaces containing commercial information on a purpose available only to own teams) and “clean teams” (i.e. isolated working groups, often composed of external experts with access to clean rooms) to isolate commercially sensitive information about one or more potential bidders, sometimes helping to pave the way for a negotiated agreement. In general, the objective of allowing a potential bidder to access its confidential information is hesitant, without the bidder executing an NDA (in order to keep this information confidential) and does not accept a status quo agreement. Conversely, in some situations, a bidder cannot be prepared to be bound by a status quo agreement. In cases where talks cannot progress, mainly due to the inability of the parties to agree on the treatment and use of the target`s confidential information, but both parties believe it is in their best interest to continue to judge whether a transaction is possible, it may be interesting to consider the approach of a clean team to allow the parties to have limited discussions that could lead to an agreement.