Mergers & Acquisitions,
Corporate
Jul. 29, 2016
Delaware court dishes on conditions to closing a transaction
A Delaware court recently considered whether a corporation was required to close a transaction even though its outside tax counsel would not issue a legal opinion, which was a condition to the closing of the transaction.
Marc Boiron
Associate
Rutan & Tucker LLP
Email: mboiron@rutan.com
Marc focuses his practice on transactional matters involving emerging and mid-market companies in the areas of California and Delaware corporate laws.
TRANSACTIONS WITH BOIRON
In The Williams Companies, Inc. v. Energy Transfer Equity, L.P., the Delaware Court of Chancery considered whether a corporation was required to close a transaction even though its outside tax counsel would not issue a legal opinion, which was a condition to the closing of the transaction. The court determined that the corporation was en...
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