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DewDiligence

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DewDiligence

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Re: DewDiligence post# 108773

Tuesday, 11/23/2010 9:08:35 PM

Tuesday, November 23, 2010 9:08:35 PM

Post# of 257262
Delaware’s Supreme Court reversed the opinion by the Delaware Chancery Court in the APD-ARG case, which has ramifications for all companies with staggered BoD’s:

http://www.bloomberg.com/news/2010-11-23/airgas-wins-ruling-on-annual-meeting-date-in-bid-to-fend-off-air-products.html

Many biotech companies have staggered BoD’s. So do about 30% of companies in the S&P 500.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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