GPG Corporate M&A 2025 Vol 1

CHILE CONTENTS

6.6 Requirement to Obtain Financing p.436 6.7 Types of Deal Security Measures p.436 6.8 Additional Governance Rights p.437 6.9 Voting by Proxy p.437 6.10 Squeeze-Out Mechanisms p.437 6.11 Irrevocable Commitments p.438 7. Disclosure p.438 7.1 Making a Bid Public p.438 7.2 Type of Disclosure Required p.438 7.3 Producing Financial Statements p.439 7.4 Transaction Documents p.439 8. Duties of Directors p.439 8.1 Principal Directors’ Duties p.439 8.2 Special or Ad Hoc Committees p.440 8.3 Business Judgement Rule p.440 8.4 Independent Outside Advice p.440 8.5 Conflicts of Interest p.440 9. Defensive Measures p.441 9.1 Hostile Tender Offers p.441 9.2 Directors’ Use of Defensive Measures p.441 9.3 Common Defensive Measures p.441 9.4 Directors’ Duties p.441 9.5 Directors’ Ability to “Just Say No” p.441 10. Litigation p.442 10.1 Frequency of Litigation p.442 10.2 Stage of Deal p.442 10.3 “Broken-Deal” Disputes p.442 11. Activism p.442 11.1 Shareholder Activism p.442 11.2 Aims of Activists p.442 11.3 Interference With Completion p.442

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