A Higher Price Isn’t Always the Best Deal
A Maryland court reinforced how careful deal process, documentation, and stockholder approval can shield directors from post-closing litigation. Special Situations Fund III QP, L.P. v. TravelCenters of America Inc., 2025 WL 3280907 (Md. Ct. App. 2025) When a public company agrees to be sold, its board still must navigate competing bids, deal protections, and stockholder […]
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