The Cost of Supermajority Target Shareholder Approval
Posted by Audra Boone, U.S. Securities and Exchange Commission, on Wednesday, January 20, 2016 Editor's Note: Audra Boone is a senior financial economist at the U.S. Securities and Exchange Commission...
View ArticlePrice and Probability: Decomposing the Takeover Effects of Anti-Takeover...
Posted by Vicente Cuñat, London School of Economics & Political Science, on Wednesday, December 7, 2016 Editor's Note: Vicente Cuñat is Associate Professor of Finance at the London School of...
View ArticleDelaware Court Ruling on Trading Price and Fair Value Appraisal
Posted by David Berger, Brad Sorrels, and Phillip Sumpter, Wilson Sonsini Goodrich & Rosati, on Wednesday, February 21, 2018 Editor's Note: David Berger and Brad Sorrels are partners and Phillip...
View ArticleMergers and Acquisitions—2019
Posted by Andrew Brownstein, Steven Rosenblum and Victor Goldfeld, Wachtell, Lipton, Rosen & Katz, on Tuesday, January 15, 2019 Editor's Note: Andrew Brownstein, Steven Rosenblum and Victor...
View ArticleFinancial Institutions Developments
Posted by Edward D. Herlihy, Richard K. Kim, and Nicholas G. Demmo, Wachtell, Lipton, Rosen & Katz, on Wednesday, January 16, 2019 Editor's Note: Edward Herlihy, Richard K. Kim, and Nicholas G....
View ArticleDelaware Court of Chancery Appraises Fully-Shopped Company at Nearly 30% Over...
Posted by Martin Lipton and Theodore N. Mirvis, Wachtell, Lipton, Rosen & Katz, on Friday, June 3, 2016 Editor's Note: Martin Lipton is a founding partner of Wachtell, Lipton, Rosen & Katz,...
View ArticleImplications of the Recent Dell Appraisal Decision
Posted by Lewis R. Clayton & Stephen P. Lamb, Paul, Weiss, Rifkind, Wharton & Garrison LLP, on Tuesday, June 21, 2016 Editor's Note: Lewis R. Clayton and Stephen Lamb are partners in the...
View ArticleDelaware Appraisal at a Crossroads?
Posted by Theodore N. Mirvis, Wachtell, Lipton, Rosen & Katz, on Tuesday, June 20, 2017 Editor's Note: Theodore N. Mirvis is a partner in the Litigation Department at Wachtell, Lipton, Rosen &...
View ArticleDelaware Court of Chancery Holds Controller Transaction Satisfies Entire...
Posted by William Savitt and Ryan A. McLeod, Wachtell, Lipton, Rosen & Katz, on Wednesday, August 2, 2017 Editor's Note: William Savitt and Ryan A. McLeod are partners at Wachtell, Lipton, Rosen...
View ArticleThe Delaware Supreme Court Speaks to Market Evidence in Appraisal: DFC
Posted by Theodore N. Mirvis, Wachtell, Lipton, Rosen & Katz, on Thursday, August 3, 2017 Editor's Note: Theodore N. Mirvis is a partner in the Litigation Department at Wachtell, Lipton, Rosen...
View ArticleDFC Global: Delaware Supreme Court Strongly Endorses Reliance on Merger Price
Posted by Gail Weinstein and Scott B. Luftglass, Fried, Frank, Harris, Shriver & Jacobson LLP, on Friday, August 4, 2017 Editor's Note: Gail Weinstein is senior counsel and Scott B. Luftglass is a...
View ArticleThe High Cost of Fewer Appraisal Claims in 2017: Premia Down, Agency Costs Up
Posted by Matthew Schoenfeld, Burford Capital, on Friday, September 8, 2017 Editor's Note: Matthew Schoenfeld is a Portfolio Manager at Burford Capital. This post is based on a recent paper by Mr....
View ArticleMerger Negotiations in the Shadow of Judicial Appraisal
Posted by Brian Broughman, Indiana University; Audra Boone, Texas Christian University; and Antonio Macias, Baylor University, on Monday, September 25, 2017 Editor's Note: Brian Broughman is Professor...
View ArticleThe Importance of Conviction in the Face of Litigation Risk
Posted by Edward D. Herlihy and David E. Shapiro, Wachtell, Lipton, Rosen & Katz, on Wednesday, March 14, 2018 Editor's Note: Edward D. Herlihy and David E. Shapiro are partners at Wachtell,...
View ArticleDoes Transparency Increase Takeover Vulnerability?
Posted by Lifeng Gu (The University of Hong Kong) and Dirk Hackbarth (Boston University), on Monday, August 27, 2018 Editor's Note: Lifeng Gu is Assistant Professor in Finance at The University of Hong...
View ArticleInsider Tax Effects on Acquisition Structure and Value
Posted by Michelle Hanlon (MIT), Rodrigo S. Verdi (MIT), and Benjamin Yost (Boston College), on Wednesday, September 5, 2018 Editor's Note: Michelle Hanlon is the Howard W. Johnson Professor and a...
View ArticleDoes Protectionist Anti-Takeover Legislation Lead to Managerial Entrenchment?
Posted by Marc Frattaroli (EPFL), on Wednesday, March 27, 2019 Editor's Note: Marc Frattaroli is a PhD candidate at the Swiss Finance Institute at Ecole Polytechnique Fédérale de Lausanne (EPFL). This...
View ArticleStatement on Financial Disclosure
Posted by Robert J. Jackson, Jr., U.S. Securities and Exchange Commission, on Friday, May 3, 2019 Editor's Note: Robert J. Jackson, Jr. is a Commissioner at the U.S. Securities and Exchange Commission....
View ArticleDoes Revlon Matter? An Empirical and Theoretical Study
Posted by Sean J. Griffith (Fordham University), on Monday, July 22, 2019 Editor's Note: Sean J. Griffith is the T.J. Maloney Chair and Professor of Law at Fordham Law School. This post is based on a...
View ArticleThe Hostile Bid Is Dead. Long Live the Hostile Bid?
Posted by Aaron Atkinson, Mathieu Taschereau, and Shane Freedman, Davies Ward Phillips & Vineberg LLP, on Wednesday, July 1, 2020 Editor's Note: Aaron Atkinson is a partner and Mathieu Taschereau...
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