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Court of Chancery Sets Disclosure Rule For Banker
By Morris James LLP on February 28, 2007
Posted In M&A
Ortsman v. Green, C.A. No. 2670-N (Del. Ch. February 28, 2007).
There is sometimes uncertainty as to what should be included in a disclosure statement that seeks stockholder approval of a merger. This brief opinion makes it clear that the basis for an investment banker's fees should be included, particularly when the fee is dependent in some degree on the merger's completion.
Tags: Case Summaries, M&A
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