corporate managers agree to a merger and then suffer a change of heart. Specifically, it uses the Delaware case of IBP, Inc. v … law doctrine may conflict in the merger context. In that context, a seller seeking to avoid a binding merger agreement … may demand that directors simply dishonor the merger agreement. The article argues that traditionally, contract doctrine …

independent directors, share ownership of the top five managers, and independent block holders on bank merger purchase premiums in … shareholders' merger prices. Their overall findings would support policies that promote independent outside directors on the board …

We study holdings in merger and acquisition (M&A) targets by financial conglomerates in which affiliated investment …