The M&A Word of the Day® from the Book of Jargon® Is Naked No Vote

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Latham & Watkins partner Michael Dillard explains the M&A term Naked No Vote, where the target company shareholders vote against the proposed business combination at the special meeting in the absence of a superior proposal. For additional definitions of the legal and business terms often encountered in the structuring, negotiation and execution of mergers, visit www.lw.com/m-and-a.

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Topics:  Mergers, Naked No Vote, Shareholders, Stockholders' Meetings, Target Company

Published In: Business Organization Updates, Mergers & Acquisitions Updates

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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