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7 Apr 2024, 9:05 pm by renholding
For many business economists and legal academics, the purpose of any business organization is simply stated: to maximize profits. [read post]
12 Feb 2024, 9:01 pm by renholding
Macandrews & Forbes Holdings, Inc., 506 A.2d 173, 181 (Del. 1986) (stating that fiduciary duties “require the directors to determi [read post]
4 Jan 2024, 6:30 am
MacAndrews and Forbes, 506 A.2d 173 (Del. 1986), the Delaware Supreme Court required the directors of the target company in change-of-control mergers and acquisitions (M&A) to maximize short-term value – that is, to expose the company to a market canvass and refrain from favoring one bidder over another for reasons unrelated to immediate value maximization. [read post]
4 Jan 2024, 6:30 am
MacAndrews and Forbes, 506 A.2d 173 (Del. 1986), the Delaware Supreme Court required the directors of the target company in change-of-control mergers and acquisitions (M&A) to maximize short-term value – that is, to expose the company to a market canvass and refrain from favoring one bidder over another for reasons unrelated to immediate value maximization. [read post]
11 Dec 2023, 1:08 pm by Steve Bainbridge
MacAndrews and Forbes has required the boards of target companies in change-of-control transactions to maximize immediate shareholder value – that is, to expose the firm to a market canvass before closing any transaction and refrain from favoring one bidder over another for reasons unrelated to short-term value. [read post]
8 Sep 2023, 6:31 am
MacAndrews & Forbes Holdings (1986), the Court declared that a company’s board must strive to ensure that the shareholders receive best price if it decides to allow the sale of the company. [read post]
8 Sep 2023, 6:31 am
MacAndrews & Forbes Holdings (1986), the Court declared that a company’s board must strive to ensure that the shareholders receive best price if it decides to allow the sale of the company. [read post]
4 Dec 2020, 6:00 am by Albert J. Carroll, K. Tyler O'Connell
MacAndrews & Forbes2 decision and its progeny, and held that stockholder-plaintiffs stated potentially viable claims concerning an executive's alleged liquidity and interest in future employment, his manipulation of the sale process and his commission of a "fraud on the board. [read post]
24 Jul 2020, 12:10 am by Public Employment Law Press
Cohen previously was General Counsel and Chief Administrative Officer of MacAndrews and Forbes Incorporated. [read post]
24 Jul 2020, 12:10 am by Public Employment Law Press
Cohen previously was General Counsel and Chief Administrative Officer of MacAndrews and Forbes Incorporated. [read post]
11 May 2020, 3:19 am by Franklin C. McRoberts
The ongoing coronavirus / COVID-19 pandemic has quite literally impacted everyone and everything in New York, including the courts, which were forced to temporarily cease non-essential functions. [read post]
23 Mar 2020, 4:21 pm by Kandace Watson
MacAndrews & Forbes Holdings, Inc., the Delaware Supreme Court held that when a Delaware corporation is sold for cash, the directors become “defenders of the corporate bastion to auctioneers charged with getting the best price for the stockholders. [read post]
12 Nov 2019, 12:26 pm by Francis Pileggi
MacAndrews & Forbes Holdings, Inc., 506 A.2d 173 (Del. 1986) “The Supreme Court said the board has to take the highest offer in a sale situation if its the end of the line for the business, but what if it will live on in some other form? [read post]