Wachtell on Controlling Shareholders and the Business Judgment Rule in Going Private Merger Transactions

The Delaware Court of Chancery this week held that the use of both an independent special committee and a majority-of-the-minority vote condition in a go-private merger between a controlled company and its controlling stockholder will result in application of the …

Editor's Tweet | 2 Comments  
Editor's Tweet: Wachtell Discusses Court of Chancery's Application of the Business Judgment Rule to Controlling Stockholder Mergers http://wp.me/p2Xx5U-11H

Wachtell Lipton Discusses Proposed Amendments to Delaware Law that Would Facilitate Tender Offer Structures

The Delaware bar has recently proposed an amendment to the Delaware General Corporation Law that is likely to facilitate the use of tender offer structures, especially in private equity deals.  The new proposed Section 251(h), which is expected to be …

Editor's Tweet | 1 Comment  
Editor's Tweet: Wachtell Lipton Discusses Proposed Amendments to Delaware Law that Would Facilitate Tender Offer Structures

Wachtell Lipton Discusses Recent Decisions Stressing Potential Disclosure-Based Litigation Claims

With the 2013 proxy season now well underway, two recent decisions emphasize the potential litigation risks public companies face under federal and state disclosure law. These decisions highlight the need for companies to focus on disclosure requirements as they prepare …

Editor's Tweet |
Editor's Tweet: Wachtell Lipton Discusses Recent Greenlight and Symantec decisions