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Court Of Chancery Extends Revlon To Convertible Notes

Posted In M&A

 Binks v. Inc., C.A. 2823-VCN (April 29, 2010)

In this unusual case filed by a pro se litigant, the Court extended Revlon duties to when a company issues convertible notes that will change control of the company upon conversion. This is consistent with past indications in other decisions.

Tags: M&A


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