Frank Aquila Discusses Poison Pills After “Airgas” at PLI’s Hot Topic Briefing

March 3, 2011

On March 3, Mr. Aquila delivered Practising Law Institute’s Hot Topic Briefing, “Poison Pills After Airgas: Rights Plans Remain the Most Potent Takeover Defensive Measure.” In his remarks, Mr. Aquila addressed the relevancy of shareholder rights plans to Air Products’ unsolicited bid for Airgas, as well as the Delaware Chancery Court’s decision to affirm the shareholder rights plan’s efficacy. Mr. Aquila also discussed the likely reaction to the Airgas decision by institutional shareholders, and what boards of directors and their advisors need to know in general about shareholder rights.