TERMIUM Plus®

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DEVOIR REVLON [1 record]

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Record 1 2009-07-06

English

Subject field(s)
  • Commercial Law
  • Amalgamation and Partnerships (Finance)
CONT

Under the so-called Revlon duty, the seller's board of directors must obtain the highest possible price in the sale of the company. Traditionally, the board would satisfy its Revlon duty by canvassing the market (through investment bankers), identifying serious bidders, holding a formal or informal auction among them, and signing a deal with the winning bidder.

OBS

Revlon duty : term usually used in the plural.

French

Domaine(s)
  • Droit commercial
  • Fusion, absorption et coparticipation (Finances)
DEF

Devoir incombant aux administrateurs de la société visée par un changement de contrôle imminent de maximiser la valeur à court terme de la transaction pour les actionnaires.

OBS

devoir Revlon : terme habituellement employé au pluriel.

Spanish

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