October 30, 2013 | Delaware Business Court Insider
Guidance for Boards of Public Company M&A TargetsIn connection with a sale of the company, the board of directors of the target faces the formidable task of discharging its fiduciary duties to its stockholders in a context in which the board's actions are likely to be scrutinized in subsequent litigation.
By Robert B. Little and Jeff R. Henderson
7 minute read
July 16, 2012 | Texas Lawyer
Ins and Outs of Purchasing Natural Gas-Fueled Power PlantsFor investors with a bullish view on the future price of natural gas, today's low natural gas prices may present an opportunity to purchase a natural gas-fueled generation facility at an attractive price, writes Robert B. Little. At the same time, increasingly strict environmental regulations are in some cases requiring modifications to coal-fueled generation plants, triggering additional expenditures. Natural gas-fueled power plants, on the other hand, are cleaner, and the regulatory burden on them has not been as heavy.
By Robert B. Little
5 minute read
May 13, 2013 | Texas Lawyer
A Checklist for the Early Stages of an M&A TransactionWhen a merger-and-acquisition deal commences, in-house counsel of private and public companies face daunting tasks.
By Robert B. Little and Steven A. Schaefer
6 minute read
October 18, 2013 | Corporate Counsel
Guidance for Boards of Public Company M&A TargetsIn connection with a sale of the company, the board of directors of the target faces the formidable task of discharging its fiduciary duties to its stockholders in a context in which the board's actions are likely to be scrutinized in subsequent litigation.
By Robert B. Little and Jeff R. Henderson
7 minute read
April 17, 2013 | Delaware Business Court Insider
How Would Delaware Courts Treat Fiduciary-Out Provisions?An agreement to effect a merger in which the target is a public company usually requires the target's board of directors to recommend that stockholders vote in favor of the merger. Exceptions to this recommendation requirement, known as "fiduciary outs," seek to reconcile the target board's fiduciary duty to obtain the best deal for its stockholders with the buyer's need for assurance that the deal will proceed to closing.
By Robert B. Little and Caitlin A. Peterson
6 minute read
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