Revlon duty
 n.— «This “shareholder value maximization” obligation, sometimes called the Revlon duty, helps ensure public company shareholders participate in control premiums. It also keeps management honest, especially when hostile bidders are competing for a company.» —“Canada’s M&A rule book may be written” by Christopher C. Nicholls Globe and Mail (Toronto, Canada) June 9, 2008. (source: Double-Tongued Dictionary)

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