Matches in SemOpenAlex for { <https://semopenalex.org/work/W145933826> ?p ?o ?g. }
Showing items 1 to 83 of
83
with 100 items per page.
- W145933826 abstract "In any negotiated corporate acquisition, there is a substantial risk that the deal will not be consummated. Changes in the business environment occasionally may lead the target board to renege. Another party may approach the target board with an alternative, presumably higher-priced, acquisition proposal; indeed, target management might initiate negotiations with a second party before presenting the initial bid to the shareholders. Alternatively, a competing bidder may directly present its proposal to target shareholders by making a tender offer for their shares. The exclusive merger agreement is intended to discourage the target board from reneging on the merger agreement or, at the least, to reimburse the initial bidder's up-front costs if the deals does not go through. The operative provisions of exclusive merger agreements may be conveniently divided into two basic categories: performance promises, such as a no-shop agreement; and lock-ups and cancellation fees. Any analysis of such provisions must begin with a recognition that there is a potential conflict of interest in all negotiated acquisitions. This article contends that the standards of review courts apply to exclusive merger agreements have failed to adequately address that conflict of interest. Accordingly, this article proposes a framework for analysis of such provisions. Specifically, the article explains that performance promises should be routinely enforced. In contrast, lock-ups and cancellation fees should be more closely scrutinized. Indeed, as a prophylactic measure, the article proposes that lock-ups or cancellation fees exceeding 10 percent of the transaction's value generally should be invalidated." @default.
- W145933826 created "2016-06-24" @default.
- W145933826 creator A5071618845 @default.
- W145933826 date "2002-01-01" @default.
- W145933826 modified "2023-09-27" @default.
- W145933826 title "Exclusive Merger Agreements and Lock-ups in Negotiated Corporate Acquisitions" @default.
- W145933826 cites W2329554872 @default.
- W145933826 cites W2343602776 @default.
- W145933826 cites W2523373966 @default.
- W145933826 cites W2799826496 @default.
- W145933826 cites W2885598582 @default.
- W145933826 cites W2911871558 @default.
- W145933826 cites W3121972993 @default.
- W145933826 cites W4212764569 @default.
- W145933826 cites W4213071018 @default.
- W145933826 cites W4230917524 @default.
- W145933826 cites W4232896016 @default.
- W145933826 cites W4233459318 @default.
- W145933826 cites W4233754255 @default.
- W145933826 cites W4235196789 @default.
- W145933826 cites W4235630726 @default.
- W145933826 cites W4238600531 @default.
- W145933826 cites W4238604267 @default.
- W145933826 cites W4238847242 @default.
- W145933826 cites W4242970859 @default.
- W145933826 cites W4244946865 @default.
- W145933826 cites W4245396846 @default.
- W145933826 cites W4245484214 @default.
- W145933826 cites W4246325131 @default.
- W145933826 cites W4247479182 @default.
- W145933826 cites W4249041453 @default.
- W145933826 cites W4250528907 @default.
- W145933826 cites W4251998220 @default.
- W145933826 cites W4253693300 @default.
- W145933826 cites W4254139575 @default.
- W145933826 cites W4256509814 @default.
- W145933826 cites W4256536191 @default.
- W145933826 cites W4302960508 @default.
- W145933826 doi "https://doi.org/10.2139/ssrn.310243" @default.
- W145933826 hasPublicationYear "2002" @default.
- W145933826 type Work @default.
- W145933826 sameAs 145933826 @default.
- W145933826 citedByCount "11" @default.
- W145933826 countsByYear W1459338262012 @default.
- W145933826 countsByYear W1459338262014 @default.
- W145933826 countsByYear W1459338262017 @default.
- W145933826 crossrefType "journal-article" @default.
- W145933826 hasAuthorship W145933826A5071618845 @default.
- W145933826 hasBestOaLocation W1459338262 @default.
- W145933826 hasConcept C10138342 @default.
- W145933826 hasConcept C121955636 @default.
- W145933826 hasConcept C127413603 @default.
- W145933826 hasConcept C144133560 @default.
- W145933826 hasConcept C174839445 @default.
- W145933826 hasConcept C40700 @default.
- W145933826 hasConcept C548217281 @default.
- W145933826 hasConcept C78519656 @default.
- W145933826 hasConceptScore W145933826C10138342 @default.
- W145933826 hasConceptScore W145933826C121955636 @default.
- W145933826 hasConceptScore W145933826C127413603 @default.
- W145933826 hasConceptScore W145933826C144133560 @default.
- W145933826 hasConceptScore W145933826C174839445 @default.
- W145933826 hasConceptScore W145933826C40700 @default.
- W145933826 hasConceptScore W145933826C548217281 @default.
- W145933826 hasConceptScore W145933826C78519656 @default.
- W145933826 hasLocation W1459338261 @default.
- W145933826 hasLocation W1459338262 @default.
- W145933826 hasOpenAccess W145933826 @default.
- W145933826 hasPrimaryLocation W1459338261 @default.
- W145933826 hasRelatedWork W1756400570 @default.
- W145933826 hasRelatedWork W2337455665 @default.
- W145933826 hasRelatedWork W2356596842 @default.
- W145933826 hasRelatedWork W2788953784 @default.
- W145933826 hasRelatedWork W2899669986 @default.
- W145933826 hasRelatedWork W2969096323 @default.
- W145933826 hasRelatedWork W3131246721 @default.
- W145933826 hasRelatedWork W3185280790 @default.
- W145933826 hasRelatedWork W4243600230 @default.
- W145933826 hasRelatedWork W3124738490 @default.
- W145933826 isParatext "false" @default.
- W145933826 isRetracted "false" @default.
- W145933826 magId "145933826" @default.
- W145933826 workType "article" @default.