Gibson Dunn

Gibson Dunn Discusses Proposed Amendments to DGCL Section 251 Increasing Attractiveness of Tender Offer Structure

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The Delaware State bar recently proposed an amendment to Section 251 of the Delaware General Corporation Law (DGCL) to add new subparagraph (h) that would greatly enhance the appeal of the tender offer over a one-step merger structure.

Currently, bidders …

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Editor's Tweet: Gibson Dunn Discusses Proposed Amendments to DGCL Section 251 Increasing Attractiveness of Tender Offer Structure

Implications of the Chancery Court’s Recent Rulings on “Don’t Ask, Don’t Waive” Provisions for Auction Processes

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In two recent rulings, the Chancery Court of the State of Delaware has provided important guidance on how so-called “don’t ask, don’t waive” standstill provisions—which are designed to encourage bidders to provide their best offers during an auction—will be viewed …

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Editor's Tweet: Gibson Dunn’s Eduardo Gallardo and Aaron Holmes opine on Delaware’s recent rulings in Ancestry.com and Complete Genomics.