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DGCL

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AcronymDefinition
DGCLDelaware General Corporation Law
DGCLDSCS GMF Control Link


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In Boyer, the court stated that DGCL [section]141(e) was not available to protect directors who relied on the advice of outside legal counsel not selected with reasonable care.
At the effective time of the merger, each outstanding share of Sepracor common stock (other than any shares held in the treasury of Sepracor or owned by DSP or Offeror or any direct or indirect subsidiary of DSP or Offeror or of Sepracor) will be automatically canceled and, subject to the exercise of appraisal rights under the DGCL, converted into the right to receive the same $23.
For example, Section 102(a)(4) of the DGCL allows a corporation to grant to the board of directors the power to fix by resolution the powers and rights of various classes of stock, merely by identifying the classes in the Certificate of Incorporation.
 
 
 
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