August 7, 2007
Dow Jones: A Takeover Premium for the Bancrofts?
There has been a fair bit of comment on the Blogs about whether the Bancrofts could have actually received a premium for their voting shares under Delaware law (A: a complicated yes, except in exigent circumstances and possibly subject to review for entire fairness). For those interested, see the following posts which offer a more complete analysis of the issue:
Can Controlling Shareholders Demand More to Sell Their Shares? on the Delaware Corporate and Commercial Litigation Blog
Paying a Premium for Supermajority Voting Shares on Professor Bainbridge's Professor Bainbridge.com
The DJ Deal, the control premium and Conrad Black on Professor Larry Ribstein's Ideoblog
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