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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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August 14, 2009
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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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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