This article reviews the legal status of takeover defenses in the United States, and explores the tougher question of whether courts here should view corporate takeover defenses as leniently as they currently do. The article examines the benefits and detriments of an active market for corporate takeovers, and compares legal rules in this area in the United States, United Kingdom, and Europe in an effort to answer that tougher question.
- Summary by FizzLaw Team
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Should directors be able to frustrate corporate takeover attempts?