The Golden Ratio of Corporate Deal-Making

Christina M. Sautter, Louisiana State University Law Center

41 J. of Corp. Law 817 (2016)


The article discusses the Delaware Supreme Court's decision in the case 'Revlon, Inc. v. MacAndrews & Forbes Holdings Inc.' in which the court sale of corporate control, the target's board of directors has a duty to maximize stockholder value. Topics discussed include relationship between the deal protection devices and sale process; golden ratio of corporate deal-making; and the court's definition of an ideal merger and acquisition of a sale process.