Harvard Law School Corporate Governance Blog Publishes Akin Gump Alert
The Harvard Law School Forum on Corporate Governance and Financial Regulation has published “Delaware Court Addresses Revlon Duties in Single-Bidder Sale-of-Control Transaction,” based on an Akin Gump corporate client alert, on the Delaware Court of Chancery’s findings in In re Plains Exploration & Production Co. Stockholder Litigation and Koehler v. NetSpend Holdings, Inc. The article explores the court’s findings in these two cases regarding “whether a board of directors satisfied its Revlon duties in connection with a sale-of-control transaction involving negotiations with a single bidder.”
The original client alert can be read in its entirety here.