The FTC's noncompete ban would change M&A
One benefit is that neither buyers nor sellers would need to convince passive shareholders to sign noncompetes.
Paul Daitz, CEO of sellside advisory Northern Edge Advisors, says this often becomes an issue with the sale of family-owned businesses, where a cousin or uncle still holds 10% but isn't involved in the day-to-day.Revisions could include lowering the 25% ownership threshold or adding a dollar floor. For example, no partner in a five-person law firm would qualify for a noncompete under the current plan, nor would a 10% owner of a billion-dollar business.
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