After Twenty-Two Years, Section 203 of the Delaware General Corporation Law Continues to Give Hostile Bidders a Meaningful Opportunity for Success

摘要

There is no merit to SHB's gratuitous belief, which arguably drives their effort to create an issue where none exists, that Section 203 illustrates a "race to the bottorn" in regulatory competition among states.58 As they repeatedly acknowledge, Section 203 is less restrictive than other state antitakeover statutes.