Proposed Amendment to DGCL Section 141(f) Would Permit Escrowed Board Consents and Simplify Acquisition Financings

Summary: A proposed amendment to Section 141(f) of the Delaware General Corporation Law could be useful for acquisition financings by facilitating target-board authorization of the new financing package. The proposed amendment would become effective on August 1, 2014 if it is enacted during the Delaware General Assembly’s current session.