Poison Pills in 2011

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Despite the continued decline in the number of outstanding poison pills maintained by U.S. public companies, Delaware courts in several cases in 2010 and early 2011 have steadfastly confirmed the continuing legal vitality of pills that are properly structured, adopted, and administered.

This report discusses these new trends and provides guidance to boards considering whether to adopt a pill and how to formulate its terms.

Director Notes (12 pgs)
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