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Key Points - On December 7, 2021, the Delaware Supreme Court unanimously upheld the Court of Chancery’s decision in AB Stable VIII LLC v. MAPS Hotels and Resorts One...
Investegate announcements from Hilton Food Grp Plc, Proposed Placing of new ordinary shares
Updated 8 Jan. '21: When the world’s largest luxury conglomerate, French-owned Moët Hennessy Louis Vuitton SE (LVMH), submitted an unsolicited bid to acquire iconic US jeweller Tiffany & Co. last October, many industry commentators expressed shock – even more so when LVMH’s $US16.2 billion offer was accepted the following month.
On July 9, 2021, Vice Chancellor Slights of the Delaware Court of Chancery, in Bardy Diagnostics, Inc. v Hill-Rom, Inc. (Del. Ch. July 9, 2021)...
To embed, copy and paste the code into your website or blog: On July 9, 2021, the Delaware Court of Chancery issued its latest decision determining whether a buyer’s attempted invocation of a Material Adverse Effect (MAE) clause was effective to excuse the buyer’s failure to close an acquisition of the target company pursuant to a signed merger agreement. While the court relied upon well-trodden paths in reaching its determination that no MAE had in fact occurred, there are a few takeaways worthy of note—i.e., (a) the seemingly “unknown event” element of IBP, Inc.’s theoretical u...