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Delaware Chancery again upholds “sign and consent” structure under Omnicare and board action under Revlon

• Paul, Weiss, Rifkind, Wharton & Garrison LLP
• -
• USA
• -
• October 6 2011

In the recent In re OPENLANE decision, the Delaware Chancery Court again confirmed the use of the “sign and consent” method to address restrictions against a fully locked-up merger transaction set forth in the Delaware Supreme Court’s 2003 Omnicare v. NCS Healthcare decision