In the Face of an Unsolicited Bid | Practical Law

In the Face of an Unsolicited Bid | Practical Law

Given the significant decline in share prices, hostile bids are on the rise. At the same time, many companies are under increased pressure from shareholder activists to dismantle takeover defenses. This Article highlights ways that public companies and their boards of directors can be properly prepared to deal with hedge fund activity and unsolicited bids.

In the Face of an Unsolicited Bid

Practical Law Article 3-502-0609 (Approx. 8 pages)

In the Face of an Unsolicited Bid

by Frank Aquila and Samantha Lipton, Sullivan & Cromwell LLP
Published on 30 Apr 2010 • USA (National/Federal)
Given the significant decline in share prices, hostile bids are on the rise. At the same time, many companies are under increased pressure from shareholder activists to dismantle takeover defenses. This Article highlights ways that public companies and their boards of directors can be properly prepared to deal with hedge fund activity and unsolicited bids.