When negotiating the terms of a M&A transaction, it is not only important to detail the price, terms and conditions to closing, but also the post-closing rights and obligations of the parties. Considering the benefits for both parties of a holdback escrow should be part of those negotiations.
1950: Hobery changed its name to Charmin Paper Company and continued to produce bath tissue, paper napkins, and other paper products. Charmin releases a toilet paper television commercial featuring the Delta Queen.
A box of Scotties tissues. Scotties is a facial tissue brand originally owned by the Scott Paper Company. Created in 1955, it is noted for its emphasis on softness. Kimberly-Clark, owner of the rival Kleenex brand, acquired Scott Paper in 1997. For competitive reasons, it was required to resell the Scotties business in the U.S. to Irving Tissue.