Morgan Lewis partner Keith Gottfried was quoted by The Deal in an article about the coronavirus (COVID-19) pandemic and the use of poison pills. “Given how relatively rare takeover defense poison pills have become in recent years, compared to two decades ago, the adoption of even four or five takeover defense pills [in a month] is a lot,” said Keith. He also noted that the majority of the plans adopted in March 2020 were limited duration takeover defense pills that appear to be related to the COVID-19-driven market volatility.
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