Deal-protection measures and the merger recommendation

Deal-protection measures and the merger recommendation

One of the more persistent and vibrant debates in the otherwise staid corridors of corporate law addresses the tension between the contract rights created by deal-protection measures in a merger agreement and the fiduciary duties of directors in responding to post-contracting events. This debate is...

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Veröffentlicht in:Northwestern University law review 2002-12, Vol.96 (2), p.467
Hauptverfasser: R Franklin Balotti, Sparks, A Gilchrist
Format: Artikel
Sprache:eng
Schlagworte:
Acquisitions & mergers
Agreements
Boards of directors
Breach of contract
Contracts
Duty of care
Fiduciary responsibility
Provisions
Public policy
Shareholder meetings
Shareholder voting
State court decisions
State laws
Stockholders
Trials
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Beschreibung
Zusammenfassung:One of the more persistent and vibrant debates in the otherwise staid corridors of corporate law addresses the tension between the contract rights created by deal-protection measures in a merger agreement and the fiduciary duties of directors in responding to post-contracting events. This debate is considered in light of the Delaware Supreme Court's decision in "Smith v. Van Gorkom."
ISSN:0029-3571