Research Handbook on Mergers and Acquisitions

'In this book, a group of eminent scholars bring takeovers back to the forefront of corporate governance debate. The book examines M&A from a range of perspectives -- historical, economic, legal, transactional and comparative. It pays particular attention to how legal doctrine affects M&A deals in the real world, and assesses the impact of contemporary developments, such as the rise of shareholder activism. Highly recommended for all those interested in corporate governance generally, and M&A in particular.' --Jennifer Hill, The University of Sydney, Australia

Edited by Claire A. Hill, Professor and James L. Krusemark Chair in Law, University of Minnesota Law School and Steven Davidoff Solomon, Deal Professor, the New York Times, Professor, University of California, Berkeley, School of Law, US

Contents: PART I History and Overview 1. Mergers and Acquisitions: A Cyclical and Legal Phenomenon Claire A. Hill, Brian J.M. Quinn and Steven Davidoff Solomon 2. M&A Contracts: Purposes, Types, Regulation and Patterns of Practice John C. Coates 3. The Market for Corporate Control: Survey of the Empirical Evidence, Estimation Issues, and Potential Areas for Future Research Darius Palia PART II Foundational Principles 4. The Modern Business Judgement Rule D. Gordon Smith 5. Equivalence: Form and Substance in Business Acquisitions Charles K. Whitehead PART III Transaction Structuring 6. A Founders' Guide to Unicorn Creation: How Liquidation Preferences in M&A Transactions Affect Start-up Valuation Robert P. Bartlett 7. Addressing Informational Challenges with Earnouts in Mergers and Acquisitions Albert H. Choi PART IV Takeover and Deal Defenses 8. Takeover Defenses: The Lay of the Land and Disputed Sign Posts Jordan M. Barry 9. Staggered Boards: Practice, Theory, and Evidence Simone M. Sepe 10. Deal Protection Devices: The Negotiation, Protection, and Enforcement of M&A Transactions Megan Wischmeier Shaner PART V Standards of Review 11. The Role of Judicial Opinions in Shaping M&A Practice Lawrence A. Hamermesh and Jacob J. Fedechko 12. The Reconfiguring of Revlon Lyman Johnson 13. Freezeouts: Doctrine and Perspectives Fernan Restrepo and Guhan Subramanian PART VI Litigation 14. Settlements and Fees in Merger Litigation Sean J. Griffith 15. Lead Plaintiffs and Lead Counsel in Deal Litigation David H. Webber PART VII Statutory Issues 16. The Deterrence Value of Stockholder Appraisal Charles R. Korsmo and Minor Myers 17. Tender Offers and Disclosure: The History and Future of the Williams Act Christina M. Sautter PART VIII Shareholder Activism 18. Activist Stockholders, Corporate Governance Challenges, and Delaware Law Donald F. Parsons, Jr. and Jason S. Tyler 19. Short and Long Term Investors (and Other Stakeholders Too): Must (and Do) Their Interests Conflict? Claire A. Hill and Brett H. McDonnell PART VIII Comparative Perspectives 20. Canadian M & A: A Comparative Perspective Christopher C. Nicholls 21. Legal Transplants in the Law of the Deal: M&A Agreements in India Afra Afsharipour Index