United States:
Appraisal Action – Merger Price Accepted
02 November 2015
Fox Rothschild LLP
To print this article, all you need is to be registered or login on Mondaq.com.
In the recent decision of Merion Capital LP v. BMC Software Inc.,
C.A. No. 8900-VCG (Del. Ch. Oct. 21, 2015), the Court of
Chancery accepted the merger consideration provided by the company
where a “robust marketing effort for a corporate entity
results in an arm's length sale where the stockholders are
cashed out, which sale is recommended by an independent board of
directors and adopted by a substantial majority of the stockholders
themselves.”
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Corporate/Commercial Law from United States
Corporate Transparency Act Update
Shulman Rogers
With the arrival of spring and the first set of Corporate Transparency Act (CTA) filing deadlines behind us, it is a good time for an update on lessons learned from the initial filings.
Compliance Isn't The Only 'AI Washing' Risk
Bracewell
Companies are rapidly adopting artificial intelligence technologies, and both regulators and private plaintiffs have set their sights on "AI washing," where businesses tout AI capabilities that do not exist.