Examples of M&F Worldwide in a sentence
During the Term, the Executive shall participate in the M&F Worldwide Corp.
M&F Worldwide Corp.45On the other side of the coin, Vice Chancellor Laster similarly endorsed the unified approach for freezeout tender offers in In re CNX Gas Corp.
M&F Worldwide Corp., and that, moreover, the court should also explicitly endorse this approach in the context of tender offer freezeouts when presented with such facts.
The first requirement for the M&F Worldwide framework is therefore satisfied.
SEPTA, 2013 WL 4009193, at *1.the guidance of M&F Worldwide, where the emphasis on strict compliance, including ab initio timing, was first set forth and explained.This strict or “formalistic”72 approach to pleadings-stage transactional standard of review determinations in In re MFW and M&F Worldwide was not at all surprising.
In their brief, Plaintiffs adopt a laundry list of allegations they believe demonstrate that the Special Committee did not adequately protect the interests of the minority stockholders.104 Under the M&F Worldwide framework, a retain legal and financial advisors, and expected the members of the committee to hire their own legal counsel, who would help craft the committee’s mandate that would then be approved by the full Board.
By her lights, the Court should presume from this silence that Hammons and SEPTA intended to hold that the dual procedural protections would invoke business judgment deference so long as they were deployed as conditions at some point before the transaction closed.60 M&F Worldwide was not reconciled or even addressed in her analysis.
See also Books-A-Million, 2016 WL 5874974, at *8n.2 (describing this dynamic and noting that to achieve business judgment deference defendants must “have described their adherence to the elements identified in M&F Worldwide in a public way suitable for judicial notice”).
Id. The clear lesson from these facts is that the Board need not grant the special committee the authority to hire advisors and establish the committee’s broad mandate at the same time in order to brand the committee “effective” under M&F Worldwide.
Ch. 2005) (proposing the framework eventually adopted in M&F Worldwide and noting problems with the then-existing regime under which defendants lacked a meaningful chance of prevailing on a motion to dismiss).