A recent study by Columbia Business School found that including a go-shop provision in Management Buyouts (MBO) and Private Equity Transactions does not lead to obtaining better offers. The researchers, Adonis Antoniades, Charles W. Calomiris, and Donna M. Hitscherich, studied target companies in private equity and MBO transactions and their decisions whether to “shop” merger…

Two Delaware Chancery Court opinions issued in October and November have implications for both buyers and sellers in corporate transactions whether a buyer seeks to back out of an unfavorable deal or the seller seeks to obtain a court order forcing the deal to close.  A memorandum published on November 14, 2013, by Cadwalader, Wickersham…

This from The Official Delaware State Corporate Law Blog: Historically, business planners structured corporate mergers using either a single step (i.e., a vote of the stockholders to approve the merger at a meeting called for that purpose) or two steps (i.e., a public tender by the buyer for the target’s shares, followed by a meeting…

Two Delaware Chancery Court opinions issued in October and November have implications for both buyers and sellers in corporate M&A transactions whether a buyer seeks to back out of an unfavorable deal or the seller seeks to obtain a court order forcing the deal to close.  A memorandum published on November 14, 2013, by Cadwalader,…