A New Era for Raiders

Guhan   Subramanian

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Article | Harvard Business Review | November 2010

A New Era for Raiders

by Guhan Subramanian

Abstract

The article presents information on corporate methods of preventing hostile takeovers by corporate raiders, such as the poison pill strategy. It is noted that some of these techniques have become less popular and effective. An argument is presented that Section 203 of the corporate code of Delaware, which has been in force since 1988, could be overturned, which would further reduce antitakeover protections for the majority of U.S. firms.

Keywords: Strategy; Mergers and Acquisitions; United States;

Format: Print

1 pages

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Citation:

Subramanian, Guhan. "A New Era for Raiders." Harvard Business Review 88, no. 11 (November 2010): 34.

About the Author

Guhan Subramanian

H. Douglas Weaver Professor of Business Law, Joseph Flom Professor of Law and Business

Negotiation, Organizations & Markets

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Case | HBS Case Collection | February 2019

Rent-a-Center/Vintage Capital

Guhan Subramanian

Citation:
Subramanian, Guhan. "Rent-a-Center/Vintage Capital." Harvard Business School Case 919-031, February 2019. View Details

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Case | HBS Case Collection | January 2019

LKQ-Stahlgruber

Guhan Subramanian and Caeden Brynie

Citation:
Subramanian, Guhan, and Caeden Brynie. "LKQ-Stahlgruber." Harvard Business School Case 919-016, January 2019. View Details

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Case | HBS Case Collection | August 2018 (Revised October 2018)

The Fuji-Xerox Merger

Guhan Subramanian and Annie Zhao

In January 2018, Xerox, a well-known American digital document firm, convened its board of directors to decide whether to approve a merger with Japanese imaging company Fujifilm. Activist Xerox shareholders were suing to halt the transaction, and documents unearthed during the subsequent discovery process revealed that the deal was negotiated by a conflicted CEO. This case study draws from contemporaneous deal documents and unsealed court records to provide a behind-the-scenes look at the deal dynamics. The case raises important issues of deal process design, negotiations, corporate law, and corporate governance.

Keywords: Mergers and Acquisitions; Negotiation Deal; Negotiation Process; Corporate Governance; Law;

Citation:
Subramanian, Guhan, and Annie Zhao. "The Fuji-Xerox Merger." Harvard Business School Case 919-002, August 2018. (Revised October 2018.) View Details

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A New Era for Raiders

Abstract

Citation:

About the Author

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