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Tuesday, 28 June 2016

M&A combatants face their own "don't ask" repeal

Can’t hurt to ask

An obscure but common provision in merger deals bans suitors from seeking to be freed from agreements not to go hostile. A U.S. judge now says such “don’t ask, don’t waive” terms are basically moot. It’s a small but significant win that should help enhance value for shareholders.

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