Skip to content

Lucain Bebchuk, The Pressure to Tender: An Analysis and a Proposed Remedy, 12 Del. J. Corp. L, 911 (1987).

Abstract: This paper provides a compact account of the problem of distorted choice in corporate takeovers. (A more detailed account is provided in, "Towards Undistorted Choice and Equal Treatment in Corporate Takeovers"). I analyze how the tender decisions of shareholders facing a takeover bid might be distorted. I also put forward an approach for addressing this problem, as well as analyze several alternative remedies.