Search for: "MACANDREWS " Results 21 - 40 of 107
Sorted by Relevance | Sort by Date
RSS Subscribe: 20 results | 100 results
16 Jul 2011, 11:01 am by Francis Pileggi
MacAndrews & Forbes Holdings, Inc., 506 A.2d 173 (Del. 1986), and its progeny. [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]
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]
MacAndrews & Forbes Holdings, that when a “sale” or “break-up” of a company becomes “inevitable,” the duty of the board of directors is not to maintain the independence of the company or otherwise give priority to long-term considerations, but rather to obtain the highest price possible for the shareholders in the transaction (that is, to maximize short-term value). [read post]
As described in our previous memo, the case arose out of a stockholder challenge to a merger in which MacAndrews & Forbes acquired the 57% of M&F Worldwide it did not already own. [read post]
18 Jul 2011, 9:37 am by Steve Bainbridge
MacAndrews & Forbes Holdings, Inc., 506 A.2d 173 (Del. 1986), and its progeny. [read post]
8 Aug 2008, 9:20 am
A spokeswoman for Perelman and MacAndrews & Forbes declined to comment. [read post]
2 Jun 2013, 2:36 pm by Patrick S. O'Donnell
., Susan Nimanheminda, Louis Hoffman, and MacAndrew S. [read post]
17 Jun 2013, 7:00 am by Richard Kummer
According to the SEC's order instituting settled administrative proceedings, controlling shareholder MacAndrews and Forbes (M&F) asked Revlon in 2009 to offer minority shareholders the option to exchange their common stock shares on a one-for-one basis for preferred shares with certain financial characteristics. [read post]
MacAndrews & Forbes Holdings, Inc., [1] the Delaware Supreme Court explained that when a target board of directors enters Revlon-land, the board’s role changes from that of “defenders of the corporate bastion to auctioneers charged with getting the best price for the stockholders at a sale of the company. [read post]
31 May 2015, 6:50 pm by Carl Neff
The basis of the motion to disqualify was based upon what Renco considered to be a conflict by virtue of the Court-appointed appraiser (Valuation Research), which was appointed in November 2014 subject to a conflicts check, previously performing work for clients of counsel to MacAndrews AMG, Paul, Weiss, Rifkind, Wharton & Garrison LLP. [read post]
18 Mar 2010, 11:42 am by Ashby Jones
On Tuesday, Laster made the unusual move of replacing the lead counsel for a shareholder class in a class-action lawsuit related to the proposed purchase by MacAndrews & Forbes of a big chunk of Revlon’s stock. [read post]