When faced with the increasing accumulation of its stock by activist investors led by Daniel Loeb's Third Point LLC and the activists' stated objective to replace management and at least some Sotheby's Board members, Sotheby's, the world's oldest auction house, responded with the adoption of a rights plan, also known as a poison pill. Third Point then sued seeking to overturn the plan. The case presents excerpts from the Delaware Chancery Court's opinion on Third Point's motion to enjoin Sotheby's shareholder meeting until the viability of the rights plan could be determined.

【書誌情報】

ページ数：16ページ

サイズ：A4

商品番号：HBSP-318086

発行日：2017/11/27

登録日：2020/3/24