Merger - Law Dictionary Search Results

freezeout

freezeout : a corporate action (as a merger) taken by those in control of the corporation (as controlling shareholders or the board of directors) for the

golden parachute

golden parachute : an agreement providing for generous compensation to an executive upon dismissal (as because of a merger)

developed as a procedure in equity courts. There is some overlap between joinder and intervention because of the merger of law and equity in federal practice. intervention of right : intervention allowed in federal civil procedure when

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issuable

the merits and subject to dispute [an plea] [an defense] 2 : authorized for issue [bonds under the merger terms]

clayton act

clayton act An amendment to the Sherman Act, the Clayton Act prohibits price discrimination, exclusive dealing contracts and mergers where the effect may lessen competition or tend to create a monopoly in commerce. (15 U.S.C. Sec. 12-27)

director

power to appoint and dismiss officers, declare and pay dividends on stock, initiate major corporate actions such as mergers or dissolution, and determine other matters affecting the corporation. di·rec·tor·ship n

stock

(as through dividends) on a pro rata basis, may vote for directors and on important matters such as mergers, and may have limited access to information not publicly available cumulative preferred stock : preferred stock whose holders

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