Kirkland M&A Update Kirkland & Ellis LLP

M&A Update: Revlon — Different Strokes for Different Folks?

In this issue of M&A Update, partners David Fox and Daniel Wolf discuss how recent Delaware cases suggest that courts may apply a different yardstick in evaluating a target board’s satisfaction of its Revlon duties in a change of control transaction depending on whether the acquirer is a financial buyer or a strategic player.