The Validity of Deal Protection Devices in Negotiatiated Acquisition or Merger Transactions under Anglo-American Law

• Main Author: WAN, Wai Yee
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2010
• Subjects: Takeovers; Deal protections; break fees; Business Organizations Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/927; https://ink.library.smu.edu.sg/context/sol_research/article/1926/viewcontent/WanYValidityDealProtectionDevices_Preprint.pdf
• Institution: Singapore Management University

This paper analyses deal protection devices, specifically termination fees and lockup agreements, that are entered into by publicly listed target companies in favour of the preferred bidders, under Anglo-American law. US (specifically Delaware) and UK law and regulation differ markedly in the regula...