Defending Against Hostile Takeovers

Resource type: Practice Note

Status: Maintained

Jurisdiction: USA

This Note discusses the purpose and structure of various takeover defenses available to public target companies. It also describes the legal constraints and challenges that boards of directors face in adopting defensive measures that can stand up to judicial scrutiny while satisfying their fiduciary duties.

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Resource ID: 9-386-7206
Products: PLC US Corporate & Securities, PLC US Law Department
This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.

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Standard Clauses

By-laws (DE Public Corporation): Advance Notice By-laws (DE Public Corporation): Advance Notice (http://uslf.practicallaw.com/topic0-383-2443)
Certificate of Incorporation (DE): Prohibition on Written Consent of Stockholders Certificate of Incorporation (DE): Prohibition on Written Consent of Stockholders (http://uslf.practicallaw.com/topic3-382-9670)
Certificate of Incorporation (DE): Supermajority Requirements for Certain Business Combinations Certificate of Incorporation (DE): Supermajority Requirements for Certain Business Combinations (http://uslf.practicallaw.com/topic8-383-2934)
Certificate of Incorporation: Blank-check Preferred Stock Certificate of Incorporation: Blank-check Preferred Stock (http://uslf.practicallaw.com/topic3-382-9590)
Certificate of Incorporation: Staggered Board Provision Certificate of Incorporation: Staggered Board Provision (http://uslf.practicallaw.com/topic1-383-0047)
Certificate of Incorporation: Supermajority Requirement for Amendments Certificate of Incorporation: Supermajority Requirement for Amendments (http://uslf.practicallaw.com/topic0-383-2990)

Articles

Preparing for Battle: Hostile Takeovers Preparing for Battle: Hostile Takeovers (http://uslf.practicallaw.com/topic6-384-4508)
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