Rights plans are one of the most effective takeover defenses, despite the decrease in use over the past decade. This article focuses on ten key issues that any board should consider when making a decision relating to a rights plan.
The authors write: While rights plans, or "poison pills"...
Yucaipa American Alliance Fund II, L.P. v
Riggio , C.A. No. 5465-VCS (Del. Ch. Aug. 12, 2010), read
post-trial opinion here. This
Delaware Court of Chancery opinion rejected breach of fiduciary duty claims and
upheld the poision pill defense that Barnes & Noble implemented as
part of a plan...