Corporations OUTLINE Spring 2004
Has three important exceptions to the general ban. (1) n/a if tgt acquires 85% or more of tgt’s stock; (2) n/a if tgt bd approves tender offer or business combination before bidder acquires 15%; (3) n/a if tgt bd approves merger after the bidder acquires 15% and 2/3 of shares also approve the merger ................
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