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Proceduralism: Delaware’s Legacy

Harvard Corporate Governance

Shortly thereafter, in Revlon, Inc. MacAndrews & Forbes Holdings (1986), the Court declared that a company’s board must strive to ensure that the shareholders receive best price if it decides to allow the sale of the company. Mesa Petroleum Corp. 1989, at 75).

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Why Coporate Governance Needs to Account for Data-Driven Mergers

Reynolds Holding

Why might an insurance company acquire a robot manufacturer or a retailer acquire a home security provider? Data mergers typically involve large conglomerates – often but not usually big-tech firms – that acquire companies rich in data primarily to gain access to their data. Moreover, under the landmark cases Revlon, Inc.

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Cleary Gottlieb Discusses How Companies Can Meet Fiduciary Duties When Speaking on Public Issues

Reynolds Holding

Companies today face more pressure to speak on social and political issues than ever before. Companies may conclude that, when it comes to issues of great importance to their stakeholders, silence is no longer an option. With the constant barrage of issues, the consequences of any course of action can be hard to predict.

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We Need to Move Beyond Profit Maximization to Plural Business Purposes

Reynolds Holding

34] If this trend continues, the moral center of human society cannot hold, and things will fall apart on a grand scale. [35] See, e.g., Revlon, Inc. MacAndrews and Forbes Holdings, Inc., See, e.g., eBay Domestic Holdings, Inc. 2d 173 (Del. Newmark, 16 A.3d Newmark, 16 A.3d cit., § 2.01(b)(3).