Law360 (April 5, 2019, 5:19 PM EDT) -- During the first quarter of 2019, the Delaware judiciary supported the plain language of a merger agreement and an LLC contract, while also hearing a challenge to a closely followed appraisal action.
Here, Law360 outlines some of the biggest mergers and acquisitions-related developments in Delaware over that three-month span that lawyers need to know.
Missed Deadline Can Kill Deal, But Break Fee Not So Certain
The Delaware Chancery Court found that clear contract language allowed a target company to kill its planned acquisition, regardless of either side's intent for the deal, but left up in the air whether a reverse termination...
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