The M&A Word of the Day® from the Book of Jargon® – Global Mergers & Acquisitions Is Fiduciary Out

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Explore:  Fiduciary Duty
Latham & Watkins partner Harald Selzner explains the M&A term Fiduciary Out, a provision in an acquisition agreement that allows the board of directors to terminate the agreement if a “better” deal arises with another party. 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:  Fiduciary Duty

Published In: Business Organization Updates, International Trade 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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