Exchange Currency

Revlon rule

A requirement that the board of directors of a company act in the best interests of shareholders if the company is to be sold. The rule originated as the result of a court case involving the sale of Revlon Inc. in 1985. The court ruled that the directors of the company improperly resisted a hostile takeover and accepted a lower bid from another company.

Related information about Revlon rule:
  1. Revlon Rule Definition | Investopedia
    A legal precedence that dictates if the sale of the company is forthcoming, the main goal the company's board of directors should have is to conduct the ...
     
  2. Financial ABC's - Revlon Rule
    The so-called Revlon rule is a legal precedent derived from a case involving the sale of Revlon, Inc. (Revlon, Inc. v. MacAndrews & Forbes Holdings, In.
     
  3. Revlon Rule: Definition from Answers.com
    Revlon Rule A legal precedence that dictates if the sale of the company is forthcoming, the main goal the company's board of directors.
     
  4. What is Revlon rule? definition and meaning
    Definition of Revlon rule: A requirement that the board of directors of a company act in the best interests of shareholders if the company is to be sold. The rule ...
     
  5. Deconstructing Lyondell - New York Law School
    between Lyondell and Revlon, Part III, Reconstructing Revlon, will discuss the development of the Revlon rule over the past twenty-five years, particularly the ...
     
  6. The Revlon Rule; Duty to Auction | VC Experts
    If insiders propose a restructuring which involves defeasing the nonaffiliated Target shareholders, the Revlon rule, based on the decision in Revlon v.
     
  7. Auctions and Takeovers - Market Design Inc.
    1. New Palgrave Dictionary of Law and Economics, Peter Neuman (ed.), London: MacMillan Press, 1, 122-125, 1998 auctions and takeovers. Under Delaware ...
     
  8. Going Private - Arthur M. Borden - Google Books
    ... Communications person plaintiff Preferred Stock prior proxy statement purchase pursuant reasonable Regulation M-A Revlon Rule 13e-3 transaction Santa ...