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Delaware Court Rules: Reverse Break Fee Provides Exclusive Remedy for Buyer's Refusal to Consummate Merger |
February 5, 2008
Previously published by Torys.com on January 10, 2008
The Delaware Court of Chancery has denied a petition by United Rentals, Inc. (URI) for specific performance of a merger agreement between it and two acquisition vehicles (RAM Holdings, Inc. and RAM Acquisition Corp. (collectively, RAM)) controlled by private equity firm Cerberus Capital Management,...
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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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