Securities,
Mergers & Acquisitions,
Corporate
Feb. 19, 2016
Disclosures when stockholder approval not required
A recent opinion sheds light on the disclosure obligations related to transactions that do not require stockholder approval but are closely tied to transactions that do.
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 Doppelt v. Windstream Holdings Inc., the Delaware Court of Chancery considered the adequacy of disclosures made in connection with a stockholder vote on certain proposals, approval of which permitted a corporation to enter into another transaction that was not subject to a stockholder vote. The court's opinion sheds light on the disclosure obligations related to transactions that are not subject to stock...
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