Abstract

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.

Comments

41 J. Corp. L. Rev. 817 (2016)

Keywords

MacAndrews & Forbes Holdings Inc. -- Trials, litigation, etc., Business enterprises -- Law & legislation, Legal status of stockholders, Consolidation & merger of corporations -- Law & legislation -- United States, Corporation law -- United States

Date of Authorship for this Version

Summer 2016

Volume Number

41

Issue Number

4

First Page

817

Last Page

862

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