The Revlon Rule resulted from a legal case decided by the Supreme Court of Delaware in 1985. Revlon, Inc. found itself in a hostile takeover, which management and the Board fought hard to defend. Ultimately, a white knight provided a friendly, but lower, bid that the Board accepted. The bid approval was overturned by the Supreme Court of Delaware,...
Earnouts are difficult legal clauses to manage and can often lead to misunderstanding and difficulty realizing them. Here is a practical example of some of the pitfalls that sellers should watch for.
Purchase and Sale Agreement
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Peter's practice focuses on mergers and acquisitions (M&A), banking, general business, and business succession law. Peter works to partner with his clients and commits to understanding their legal needs and providing great client service. Full Bio
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2010 - 2014
Stone Oak Capital