What’s so “Special” about a “Special Committee”?

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The following Canadian M&A Perspectives blog post by Ian Michael, Shane D'Souza and Zachary Masoud may be of interest to readers of this blog:

What’s so “Special” about a “Special Committee”?

In a recent bench ruling in Re Plains Exploration, the Delaware Court held that a special committee was not required to take the lead in merger negotiations in circumstances where almost all of the members of the board were independent and free from conflict in connection with the transaction. Read more.

 

Delaware Court Re Plains Exploration special committee

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