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: M & A Law Prof Blog

Prompt Notice and Topping Bids

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Generally, directors have a fiduciary duty to consider topping bids. Try as they might, directors cannot contract around their fiduciary obligations in the merger context. A recent ruling out of the Delaware Chancery Court (NACCO v Applica) before Christmas reminds...

Full post as published by M & A Law Prof Blog on January 05, 2010 (boomark / email).

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