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The Corporate Counselor

June 2009

Revlon Duties Do Not Prohibit Acceptance of a Compelling, Pre-Emptive Bid

By Robert S. Reder, Dean W. Sattler and Andrew H. Everett II

In a much-anticipated decision, the Delaware Supreme Court recently overturned the controversial ruling of the Delaware Court of Chancery in Lyondell Chemical Company v. Ryan, C.A. Here is an analysis of the decision and its aftermath.

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