Thursday, August 12, 2010
OK, I'll admit. This hurt:
... At bottom, Yucaipa is simply positing an absurd scenario, at best fit
for a discussion by a Red Bull fueled group of nerdy second year law
school corporate law junkies, who find themselves dateless (big
surprise) on yet another Saturday night.
From page 57 of the Vice Chancellor Strine's opinion applying Unocal to the BKS' board's decision to adopt a pill in the face of Ron Burkle's accumulation of stock. Dealbook has the opinion here.
Wednesday, August 11, 2010
Noting that the two-step acquisition structure (i.e. a front-end tender offer followed by a merger) has continued to rise steadily in the United States public company M&A market this year,Fulbright has published this guide to the benefits and potential pitfalls of the tender offer in today’s market.