Fiduciary Out Requirements in Delaware

Kelley Drye Client Advisory

Kelley Drye’s Corporate Finance and Securities Practice Group has prepared a client advisory which provides guidance on Delaware’s requirement that merger agreements contain fiduciary out exceptions to no-shop clauses. The advisory discusses a recent case in the Delaware Court of Chancery which limits the applicability of the fiduciary out requirement in certain circumstances.

To view the advisory, please click on the link below.