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Mergers & Acquisitions

Apr. 22, 2003

Delaware Ruling Loosens Merger Lockups

Negotiating merger deals may become even more challenging for corporate lawyers, thanks to a recent opinion by a Delaware court.

By Toni Vranjes
        Negotiating merger deals may become even more challenging for corporate lawyers, thanks to a recent opinion by a Delaware court.
        At issue in the court decision is a "lockup," an arrangement that deters competing bidders from emerging after the initial bidder has announced a deal. In an April 4 opinion, the Delaware S...

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