Revlon Rule

Revlon Rule

Definition

A doctrine devised in Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., 506 A.2d 173 (Del. 1986), holding that if the breakup of a corporation is inevitable, the duty of the corporation’s board of directors changes from maintaining the company as a viable corporate entity to maximizing the value to shareholders when the company is eventually and inevitably sold.

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