The Single-Owner Standard and the Public-Private Choice
Harvard Corporate Governance
AUGUST 1, 2022
This conception—the “single-owner” standard—was first articulated in the context of appraisal rights, and it has served for a century as the Atlas of Delaware’s corporate law, providing the theoretical foundation for its entire doctrinal universe, including merger landmarks like Unocal , Revlon , and the long line of their offspring.
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