New Pubcos Should Consider Defensive Health in Light of ISS/GL Recommendations
Cooley M&A
MAY 17, 2017
Absent a few limited situations involving IPO spinouts from public companies, we have not seen any companies adopt the so-called “sunset” clauses that would cause a disfavored provision to lapse after a reasonable time if stockholder approval is not obtained, which ISS and GL have cited as a mitigating feature. in 2015 to 7.2%
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