The Role of Judicial Opinions in Shaping M&A Practice

Research Handbook on Mergers and Acquisitions (Edward Elgar 2016)

Widener University Delaware Law School Legal Studies Research Paper Series No. 15-17

24 Pages Posted: 26 Aug 2015 Last revised: 23 Dec 2016

Lawrence A. Hamermesh

Widener University Delaware Law School

Jacob J. Fedechko

Delaware Journal of Corporate Law; Widener University - Delaware Law School

Date Written: August 17, 2015

Abstract

This chapter of the forthcoming Research Handbook on Mergers and Acquisitions reviews several aspects of merger and acquisition practice that reflect strong influence from opinions of the Delaware courts. Such aspects include the use of fairness opinions, the demise of the two-tier tender offer, the effect of poison pills, the use of special committees and majority of the minority votes in freezeouts, deal protection measures, MAC clauses, and disclosure of investment banker conflicts.

Keywords: fairness opinions, two-tier tender offers, poison pills, special committees, majority of the minority vote, deal protection measures, MAC clauses, investment banker conflicts

JEL Classification: K22

Suggested Citation

Hamermesh, Lawrence A. and Fedechko, Jacob J., The Role of Judicial Opinions in Shaping M&A Practice (August 17, 2015). Research Handbook on Mergers and Acquisitions (Edward Elgar 2016); Widener University Delaware Law School Legal Studies Research Paper Series No. 15-17. Available at SSRN: https://ssrn.com/abstract=2648350

Lawrence A. Hamermesh (Contact Author)

Widener University Delaware Law School ( email )

4601 Concord Pike
Wilmington, DE 19803-0406
United States
302-477-2132 (Phone)
302-477-2257 (Fax)

Jacob J. Fedechko

Delaware Journal of Corporate Law ( email )

Widener University School of Law
P.O. Box 7286
Wilmington, DE 19803
United States

Widener University - Delaware Law School ( email )

4601 Concord Pike
Wilmington, DE 19803-0406
United States

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