M&A Law Prof Blog

Recent Posts from M&A Law Prof Blog


  • eBay/Skype: RIP

    eBay announced on Thursday that it closed its sale of Skype. The buyer, who will control an approximately 70 percent stake, is an investor group led by Silver Lake and includes Joltid Limited and certain…

  • Insider Trading in India

    Here's a relatively recent empirical study of insider trading in India in advance of merger announcements, Merger Announcements and Insider Trading in India: An Empirical Investigation. Shorter version: insider trading is rampant. Don't be surprised.…

  • B&N's Pill

    On Tuesday the board of Barnes and Noble adopted a shareholder rights plan -- or a poison pill. From the board's announcement: The Board adopted the Rights Plan in response to the recent rapid accumulation…

  • Google Scholar (Legal)

    Google Scholar has just gotten better. It now includes legal opinions and law review articles. -bjmq

  • Internal Poison Pills

    Geis has an article, Internal Poison Pills, appearing in the current NYU Law Review that thinks about the relationship between majority and minority shareholders. The article argues that a version of the shareholder rights plan…

  • AOL Spinoff Approved, Set for Dec 9

    Our long, national deal-nightmare is over. AOL amended its Form 10 again, inserting dates into all the agreements. The record date for the spin off is now set for November 27, 2009. Here's the letter…

  • 3Com-HP Lawsuit

    You know what they say ... it's not a real deal unless there's a lawsuit. Well, the 3Com/HP deal has its first lawsuit. The $2.7 billion all cash deal was announced last week. Here's the…

  • Reimbursement Policies for Shareholder Proxy Nominations

    HealthSouth Corp. recently announced a policy to reimburse shareholder initiatives relating to shareholder nominations for the election of directors: Board of Directors has authorized the Company to amend its bylaws to adopt procedures relating to…

  • Merck Stock Swap Confusion

    As you'll remember, Merck structured its recent acquisition of Schering-Plough as a ‘reverse merger’ in order to prevent a change of control provisions in Schering’s joint venture with J&J from being triggered and thereby lose…

  • Bad Faith, Not in Good Faith...Tomato, Tomahto

    In Amirsaleh v. Board of Trade of The City of New York, Inc, Chancellor Chandler takes up the heavy burden of politely explaining the Delaware corporate law to the Supreme Court. I apologize for posting…