Home | Business News | Browse by Publication | M | Mergers & Acquisitions Journal

Computer Associates Deal Runs Afoul of "Best Price" Rule: The Non-Compete Agreement Paid To On-Line Software's CEO Is at Issue.

Publication: Mergers & Acquisitions Journal
Publication Date: 01-NOV-02 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
A recent decision penalizing an acquirer in a tender offer for paying more for some shares than others has led to a call for a more consistent legal determination of when such violations occur.

Computer Associates International Inc. got hit in September with a $10.3 million penalty because of terms of its 1991 acquisition of On-Line Software International Inc. The U.S. Court of Appeals for the Second Circuit in New York upheld a September 2000 jury decision that said the company violated the "best price" rule by paying more for the In-Line CEO's stock than it...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Mergers & Acquisitions Journal
Better Days Are Coming., January 01, 2003
Quantifying Lack of Marketability Discounts of Employee Stock Options., January 01, 2003
M&A Pros Expect a Closer Buyer-Seller Alignment in 2003: More Business..., January 01, 2003
King Pharmaceuticals Buys Meridian., January 01, 2003
Will the Republican Sweep Impact M&A?, January 01, 2003

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.