Delaware Supreme Court Adopts New Standard Of Review For Buyouts
It’s not often that we review state Supreme Court cases, but when the court is the Delaware Supreme Court, and that court adopts a new standard of review to apply to certain types of buyouts hat will likely affect many U.S. corporations – we listen. The Deal The present case that brought about an upheaval in Delaware corporate law revolves around Ronald Perelman’s corporate universe. Ronald Perelman owns MacAndrew & Forbes, which in turn owned a 43% stake in MFW....