Results tagged “Delware law” from Dealbreaker

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There Is No Such 40% Rule In Delaware
And It’s a Good Thing For Bear Shareholders Too

Posted in Bear Stearns, JPMorganChase, Mar 24, 2008, 4:07pm
Posted by John Carney

Despite reports to the contrary on CNBC and the New York Times, there is no precedent in Delaware law that allows a company to sell up to 40 percent of their shares without shareholder approval. Rather, there is a rule-of-thumb...

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