United States revlonunocal

Paramount Communications Inc v Time Inc

571 A.2d 1140 (Del. 1989)

JurisdictionUnited States

CourtSupreme Court of Delaware

Year1989

StatusBinding authority

Key Principle

Directors are not obligated to abandon a preexisting business plan in favor of a hostile bid; Revlon duties are not triggered by a long-term strategic transaction.

Area of Law

corporate

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