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Lessons from Carl Icahn's Failed Bid to Take Lear Private: Naked No-Vote Termination Fees Can Properly Protect Buyers from Broken Deals without Exposing Target Boards to Liability by Hendrik F. Jordaan
Holme Roberts & Owen LLP - Denver Office
William J. Robers
Holme Roberts & Owen LLP - Colorado Springs Office
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October 13, 2008
Previously published on September 25, 2008
Recent litigation (Re Lear Corporation Shareholder Litigation, No. 2728-VCS (September 2, 2008)) surrounding Carl Icahn's failed bid to take Lear Corporation private offers valuable insights into risk sharing for broken deals and fiduciary duties of boards of directors of target companies.
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