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Corporate

Sep. 19, 2013

Silicon Valley dealmakers first to try new Delaware law

A new rule has quickly gained favor among transactional lawyers who have long searched for faster ways to close deals structured as two-step tender offers, a common deal form.


By Dominic Fracassa


Daily Journal Staff Writer


Silicon Valley attorneys were the first in the nation to take advantage of a change to Delaware law last month that streamlines public company acquisitions. The new rule, which took effect Aug. 1, has quickly gained favor among transactional lawyers who have long searched for faster ways to close deals through two-step tender offers. The popular deal structure requires an acquirer to buy up the majority of ...

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