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Corporate & Securities Law

: Jim Hamilton's World of Securities Regulation

By Jim Hamilton

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Target Company Passes Revlon Test But Fails to Dislcose Interests of Financial AdviserA target company fulfilled its Revlon duties to its shareholders, ruled the Delaware Chancery Court, but stumbled on its disclosure duties by failing to inform stockholders about a company financial adviser?s separate incentives to support the merger. Since shareholders must have full disclosure in order to make an informed decision, Vice Chancellor Noble enjoined the vote on the merger pending curative disclos read more

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Full post as published by Jim Hamilton's World of Securities Regulation on July 20, 2008 (boomark / email).

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