Minnesota Takeover Law, the Business Combination Statute, Going Private Transactions and Best Buy

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For those of you following the Best Buy (NYSE:BBY) transaction, here is a link to our analysis of Minnesota laws which govern takeovers, including going private transactions. The outline addresses the business combination statute, the control share acquisition statute and fiduciary duties of directors of Minnesota corporations.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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