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Dole CEO and GC Fraud Liability for Otherwise Proper Going-Private Deal

The M&A Lawyer

On August 28, 2015 , the Delaware Court of Chancery found the controlling shareholder-CEO and General Counsel of Dole Food Co. By taking these actions, Murdock and Carter deprived the Committee of the ability to negotiate on a fully informed basis and potentially say no to the Merger.

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Delaware Court Of Chancery Holds That Corwin Cleansing Applies To Claims Related To Reduction Of Acquisition Price

Shearman & Sterling

Plaintiff contended that certain post-signing equity grants allegedly violated a merger agreement and enabled the acquiror to negotiate a price reduction. 2015), because the transaction was "approved by a fully informed, uncoerced vote of the disinterested stockholders." The Court, however, dismissed the claims under Corwin v.

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Drinks With The Deal: Fenwick’s Lee Talks Tech, Making Partner and WFH

The Deal

Bomi Lee knew she wanted to specialize in M&A after working on two deals as a mid-level associate at Cravath, Swaine & Moore LLP in 2014 and 2015, she said on this week’s Drinks With The Deal podcast. “I I liked the strategy and the negotiations and the chess game element of M&A, the immediacy of M&A,” Lee said.

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Building a Diverse and Resilient Holding Company: Lessons from Chenmark Holdings

How2Exit

She also delves into the psychology of emotional sellers and the importance of approaching negotiations with empathy and understanding. rn Emotional sellers may have difficulty letting go of their businesses, so it's important to approach negotiations with empathy and understanding.

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Delaware Court Of Chancery Relies On Corwin To Dismiss Post-Closing Fiduciary Duty Claims After Finding Acquiror Was Not A Controlling Stockholder

Shearman & Sterling

Plaintiffs, pre-merger stockholders of Rouse, alleged that breaches of fiduciary duty by a special committee of the Rouse board that negotiated the deal, and Brookfield, as an alleged controlling stockholder, led to a transaction that grossly undervalued Rouse. 2015), to dismiss the claims against the special committee directors as well.

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Delaware Court Of Chancery Dismisses Breach Of Fiduciary Duty Claims In Connection With Two-Step Merger, Despite Finding Corwin Inapplicable

Shearman & Sterling

The Court found that the failure to disclose that certain executives who received transaction-related benefits were the primary negotiators of the transaction constituted a material disclosure violation. 2015), because the tender was not fully informed. KKR Financial Holdings LLC, 125 A.3d 3d 304 (Del.

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Drinks With The Deal: Mayer Brown’s Panama Discusses M&A, Career Management

The Deal

on its 2015 agreement to buy Humana Inc. Being on that deal and seeing the strategy involved, reading about the deal in the paper and knowing more of the context of the negotiations, I found it to be extremely exciting, and from that point on I never looked back,” said Panama, an M&A partner at Mayer Brown LLP in New York.

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