Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.
id:
revlon-inc-v-macandrews-forbes-holdings-inc-292-12557675
title:
Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.
text:
Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., 506 A.2d 173, was a landmark decision of the Delaware Supreme Court on hostile takeovers. The Court declared that, in certain limited circumstances indicating that the "sale" or "break-up" of the company is inevitable, the fiduciary obligation of the directors of a target corporation are narrowed significantly, the singular responsibility of the board being to maximize immediate stockholder value by securing the highest price available. The rol
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Revlon,_Inc._v._MacAndrews_%26_Forbes_Holdings,_Inc.
date created:
date modified:
2023-12-01T20:09:34Z
main entity:
{"identifier":"Q7318569","url":"https://www.wikidata.org/entity/Q7318569"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/b/ba/Seal_of_the_Supreme_Court_of_Delaware.svg","width":349,"height":349}
fields total:
13
integrity:
14