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Corporate & Securities Law

: BusinessAssociationsBlog.com

Does Every Sale of the Corporation Put us in Revlon-Land?

By Stephen Bainbridge

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In a comment to my post, The Borders of Revlon-land, Clint Krislov asks: let me pose you a question we raised in Lyondell. ... why is it that defendants persist in arguing that no revlon duties are implicated when the bid is not solicited by the board.  Isn’t revlon triggered by the decision to sell alone, regardless of what brought it about? There is a suggestion in VC...

[continued on site]

Full post as published by BusinessAssociationsBlog.com on September 18, 2008 (boomark / email).

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