Don't like the Airgas decision? Maybe you're with
Chancellor Chandler in thinking that Interco wasn't all that bad - that
fully-informed stockholders should have the right to decide whether or not to
accept an offer. That's not the present law. But argues Prof. Bebchuk argues in today's...
this edition of LexisNexis Corporate and Commercial Insights, Francis G.X.
Pileggi of Fox Rothschild LLP discusses recent Delaware court cases upholding
"poison pills" or shareholders' rights plans in hostile takeover cases.
(Please visit the site to view this video)
A recent report by GovernanceMetrics International
Research Associate Beth Young on the Airgas poison pill decision expounds upon
a point we made in our Director Notes report, Poison Pills in 2011 , in that the small and
mid-cap companies are relying on classified boards and poison pills much more...
Steven Davidoff has just posted a nice case study of the Airgas decision forthcoming in the Columbia Business Law Review. Steven had a front-row view of the Airgas hostile offer and subsequent litigation. (Google Deal Prof and Airgas if you don't believe me.) In this paper, Steven revisits the class...