Keeping Up With M&A Case Law – Spotlight on Recent Delaware Decisions
Cooley M&A
JULY 20, 2023
Clarity on ‘substantially all assets test’ for stockholder approval What makes a sale considered a sale of “substantially all assets” such that stockholder approval is required under Section 271 of the Delaware General Corporation Law? The short answer: no. In the leading Delaware case on this issue from 1974, Gimbel v.
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