Law360, New York (April 10, 2017, 6:26 PM EDT) -- The Delaware judiciary over the first three months of the year clarified the application of the business judgment rule, further shaped appraisal actions, weighed in on the termination of a transaction and stood by an order to sell a financially healthy company.
Here, Law360 outlines some of the biggest mergers and acquisitions-related developments of the first quarter of 2017 and their potential ramifications.
'Irrebuttable' Business Judgment Rule Extended to Tender Offers
The Delaware Supreme Court upheld the Chancery Court's ruling that extended "irrebuttable" business judgment protection to unconflicted tender offer mergers, confirming that the Corwin doctrine does not extend only to...
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