Merger & Acquisition filings in Delaware are in the decline

FRT Admin
Site administrator
December 14, 2015

Merger & AquisitionThe Delaware Court of Chancery has recently received scrutiny considering merger objection lawsuits are filed in over 95% of mergers & acquisitions. In reaction, there has been a decline in filings within the past month after this issue received much attention towards the end of Q3. Only 5 suits have been filed in the first half of November compared to the 14 suits filed in the first half of October.

In October, there were 24 merger announcements but only a total of 16 suits filed. The drop in merger announcements compared to suits filed was expected considering the pressure that has placed on Delaware Court of Chancery to accept cases with merit. It will be interesting to see if this decline of cases continues and if the cases result in more settlements than dismissals.

Read more about Delaware’s decision here.

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Founded in 2008, Financial Recovery Technologies (FRT) is a leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

 

This communication and the content found by following any link herein are being provided to you by Financial Recovery Technologies (FRT) for informational purposes only and does not constitute advice. All material presented herein is believed to be reliable but FRT makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Opinions expressed in this communication may change without prior notice. Firms should always seek legal and financial advice specific to their unique situation and objectives.