Golden Parachutes and the Wealth of Shareholders
Editor’s Note: Lucian Bebchuk, Alma Cohen, and Charles C.Y. Wang teach at Harvard Law School. The Program on Corporate Governance recently issued our study, Golden Parachutes and the Wealth of...
View ArticleCorporate Governance Reforms and Cross-Border Acquisitions
Editor’s Note: The following post comes to us from E. Han Kim, Professor of Finance and International Business at the University of Michigan, and Yao Lu of the School of Economics and Management at...
View ArticleTarget CEO Retention in Acquisitions Involving Private Equity Acquirers
Editor’s Note: The following post comes to us from Leonce Bargeron, Frederik Schlingemann, and Chad Zutter, all of the Finance Group at University of Pittsburgh, and René Stulz, Professor of Finance at...
View ArticleDoes Hiring M&A Advisers Matter For Private Sellers?
Editor's Note: The following post comes to us from Anup Agrawal, Powell Chair of Finance at the University of Alabama; Tommy Cooper of the Department of Finance at the University of Mississippi; and...
View ArticleThe 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 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 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 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 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 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 ArticleGolden Parachutes and the Wealth of Shareholders
Posted by Lucian Bebchuk, Alma Cohen and Charles C.Y. Wang, Harvard Law School, on Wednesday, December 8, 2010 Editor's Note: Lucian Bebchuk, Alma Cohen, and Charles C.Y. Wang teach at Harvard Law...
View ArticleCorporate Governance Reforms and Cross-Border Acquisitions
Posted by R. Christopher Small, Co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Wednesday, August 17, 2011 Editor's Note: The following post comes to us from E. Han Kim,...
View ArticleTarget CEO Retention in Acquisitions Involving Private Equity Acquirers
Posted by R. Christopher Small, Co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Monday, March 4, 2013 Editor's Note: The following post comes to us from Leonce Bargeron,...
View ArticleDoes Hiring M&A Advisers Matter For Private Sellers?
Posted by R. Christopher Small, Co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Tuesday, May 13, 2014 Editor's Note: The following post comes to us from Anup Agrawal, Powell...
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