Economic Times (India) (01/16/12)
Automatic Data Processing has acquired Randstad Holding’s Indian payroll business for an undisclosed sum to access the high-growth human resource business process outsourcing markets. Randstad’s Indian payroll business is handled by its subsidiary Ma Foi Consulting Solutions—which offers managed payroll services and social benefits administration to approximately 350 multinational and domestic clients—and has a team of around 200 associates.
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
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