Delaware Chancery Court issues an important ruling on poison pills and hostile takeovers
Feb. 20, 2011The Dickinson Law Newsroom
Delaware Chancery Court issues an important ruling on poison pills and hostile takeovers

In a comprehensive, 153-page ruling, Chancellor Chandler provides a detailed overview of the responsibilities of a target board when faced with a structurally non-coercive, all-cash, fully financed hostile takeover.  In his opinion in Air Products and Chemicals, Inc. v. Airgas, Inc. (Civil Action No. 5349-CC and Civil Action No. 5256-CC, February 15, 2011), Chandler almost begs the Delaware Supreme Court to overrule him. 

The full version of this article is available online at Ward on Iowa Limited Liability Company Law.

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Categories: Business Law

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