Cleary M&A and Corporate Governance Reports

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On August 21, 2018, the Internal Revenue Service (“IRS”) issued Notice 2018-68 (the “Notice”), which provides initial guidance on the application of Section 162(m) of the Internal Revenue Code, as amended by the 2017 Tax Cuts and Jobs Act (“TCJA”).

The guidance is limited to the definition of the term “covered employees” and the application…

  • Rights Plans and Proxy Contests: Chancery Court Denies Activist’s Motion to Enjoin Sotheby’s Shareholder Meeting (Benet J. O’Reilly and Aaron J. Meyers)
  • Schedule 13D’s Ten-Day Window, Insider Trading Law and Other Issues Involving a Prospective Bidder’s Stock Accumulation: Will the Pershing Square/Valeant Accumulation of Allergan Stock Lead to Regulatory Reform (Victor I.

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  • Preliminary Agreements and Obligations to Negotiate in Good Faith (Christopher E. Austin)
  • Enhancing the Promise of Exclusive Forum Clauses by Having Stockholders Consent to the Jurisdiction of the Selected Forum (Mitchell A. Lowenthal)
  • Traps to Consider: Delaware’s Merger Statute and Ratification Amendments (Ethan A. Klingsberg)
  • Controlling Stockholder “Going Private”

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  • A degree of Certainty Restored to Assignment by Operation of Law: Meso Scale v. Roche Redux (Benet J. O’Reilly and Casey Davison)
  • “Don’t Ask, Don’t Waive” Standstills: Some Practice Notes (Glenn P. McGrory and Zheng Zhou)
  • Sun Capital and its Implications for Private Equity Funds in the M&A Context (Kathleen M. Emberger and Laura Bagarella)

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  • Reduced Uncertainty for Top-Up Options (Christopher E. Austin)
  • Airgas v. Air Products: Delaware’s Supreme Court on the Meaning of Meaning (Daniel S. Sternberg)
  • Tips for PE Firms Participating in Stalking Horse Auctions (Neil Whoriskey)
  • A Reasonable Path: Delaware Chancery Court Confirms Board’s Right to Select the Path to Value Maximization under Revlon 

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