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Court Of Chancery Extends Revlon To Convertible Notes
Posted In M&A
Binks v. DSL.net 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.
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