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: AdamsDraftingAlliance Data Systems, Blackstone Group, and ?Reasonable Best Efforts?
By Ken Adams
If anyone is wondering why I’ve been devoting time to efforts standards, have a look at this post on DealBook by Steven Davidoff regarding a development in Blackstone Group’s proposed acquisition of Alliance Data Systems.
For reasons I discuss in MSCD, in this article, and in last week’s blog post, it would be bizarre for a court to hold that reasonable best efforts conveys a meaning different from best efforts.
Full post as published by AdamsDrafting on January 28, 2008 (boomark / email).
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