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Explain in your own words what Merck means by this statement. In particular, include what they mean by “material adverse effect” and “not probable.”
Material Adverse Effect " means, when used in connection with the Purchased Business, any change, event, violation, inaccuracy, circumstance or effect that is or could reasonably be expected to be materially adverse to the business, assets, [ liabilities, financial condition, results of operations of the Purchased Business ]
Expert answered|bongche|Points 630|
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Asked 1/26/2012 8:46:03 PM
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