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25Nov

Delaware Chancery Court Rules That Merger Agreement Termination Fee Not Exclusive Remedy Where Seller Accepts Superior Offer in Violation of No-Shop

Foley Hoag LLP | | Return|
In a decision of great interest in the M&A world, the Delaware Chancery Court recently ruled that a termination fee is not the exclusive remedy for a seller that accepts a higher offer in breach of a no-shop provision. Genuine Parts Company v....
By: Foley Hoag LLP
Source Url: https://www.jdsupra.com/legalnews/delaware-chancery-court-rules-that-78488/

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