Amendments to Delaware Merger Statutes: An Arrow in Your Quiver, Not a Silver Bullet

October 8, 2013

Event| Corporate Transactions

Recently adopted amendments to the Delaware General Corporation Law are intended to facilitate the use of tender offers in acquisitions of publicly traded corporations. These amendments can permit the purchaser of a simple majority of a target’s outstanding shares to effect a short-form merger immediately, saving substantial expense, eliminating the delay associated with SEC review of disclosure materials, and facilitating financing for leveraged transactions.

In this 60-minute webcast, held on October 8 speakers including Mike Allen, explored the intended benefits of the amendments, why they represent a positive step in the recent evolution of tender offer practice, and what private equity firms in particular should consider regarding this transaction structure.