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Corporate & Securities Law

: BusinessAssociationsBlog.com

Can a Target Just Say No?

By Stephen Bainbridge

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In a fine column analyzing Yahoo’s tin parachute, the NY Times’ Deal Professor (a.k.a. Steven Davidoff) opines that: … the Yahoo board here is permitted under Delaware law to reject Microsoft’s bid and just say no. I’m a long-time skeptic that the just say no defense is really viable or authorized under Delaware law. As I explain in Unocal at 20: … many...

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Full post as published by BusinessAssociationsBlog.com on June 04, 2008 (boomark / email).

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