Of Wolf Packs, Plans and Pills: Making Puppies Out of Predators

Learn from a real-world example -involving Sotheby's auction house- how an organization successfully responded to an activist threat and how its board's response protected itself, its strategy and its financial direction. 

 

With this free report written by Ralph C. Ferrara and Julia Pizzi at Proskauer Rose LLP, you will:

 

  • See how cheap capital and the expanded use of derivatives to accumulate enormous equity positions both quickly and quietly enabled Sotheby activist shareholders to threaten the status quo.
  • Learn how Sotheby’s updated stock plan helped preserve its corporate vision and protect its strategic plan from the looming threat.
  • Discover what caused the Delaware Chancery Court to get involved and why it evaluated the case based on the UnocalStandard.

 

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