What does the Delaware antitakeover statute provide? How can an acquirer evade the restrictions imposed by this statute?
What will be an ideal response?
The Delaware antitakeover statute provides that an acquirer of a Delaware corporation cannot complete a merger with the acquired corporation for three years after purchasing 15 percent or more of the Delaware corporation's shares. This restriction can be avoided if 1. the board of directors of the Delaware target company approves the takeover in advance, 2. the acquirer purchases 85 percent of the shares of the target corporation, or 3 . the acquirer gains the vote of two-thirds of the disinterested shares of the target corporation after purchasing 15 percent or more of the target corporation's shares.
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Gross profit is calculated as the difference between net sales revenue and ________
A) purchases B) cost of goods sold C) cost of merchandise inventory D) selling and administrative expenses
The Arkansas Supreme Court has held that the “public policy” theory is applicable in the state of Arkansas. This particular theory states that it would be “wrongful” for the employer to do which of the following?
A. Fire an employee who missed several work days in order to serve on a jury. B. Pay an employee less than the minimum wage. C. Require an employee to work more than 40 hours in a given week. D. Require an employee to wear “business professional” attire every day. E. Require an employee to work until 6 PM every business day.