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Go-Shops vs. No-Shops in Private Equity Deals: Evidence and Implications

机译:私募股权交易中的“去商店”与“不去商店”:证据和启示

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the pure go-shop process relative to the no-shop route. 1 also find no post-signing competition in go-shop management buyouts ("MBOs"), consistent with practitioner wisdom that MBOs give incumbent managers a significant advantage over other potential buyers. Taken as a whole, these findings suggest that the Delaware courts should generally permit go-shops as a means of satisfying a sell-side board's Revlon duties but should pay close attention to their structure, particularly in the context of go-shop MBOs.
机译:相对于无购物路线的纯购物流程。 1还发现在商店管理收购中没有签署后竞争(“ MBO”),这与从业者的看法一致,即MBO给在职经理人带来了比其他潜在买家更大的优势。从总体上看,这些调查结果表明,特拉华州法院通常应允许使用商店来满足卖方委员会的露华浓职责,但应密切注意其结构,尤其是在商店进行MBO的情况下。

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