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Corporate & Securities Law

: BusinessAssociationsBlog.com

The consequences of not coming to terms with a potential acquiror

By Stephen Bainbridge

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Gordon Smith explains: When Yahoo shareholders filed a class action complaint against members of Yahoo’s board of directors on February 21, 2008, they complained about the board’s refusal to negotiate with Microsoft, inappropriately casting this as a “‘just say no’ defense.” Earlier this week, the plaintiff’s have filed a motion to amend the complaint,...

[continued on site]

Full post as published by BusinessAssociationsBlog.com on May 16, 2008 (boomark / email).

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