This essay offers a brief description of certain factors influencing the development of the law governing corporate acquisitions. In its most basic terms, the central issue in this field boils down to who should control the wealth and power of our country. The issue encompasses choices based on political, economic and social values. It is my thesis that implicit favoring of establishment groups over "outsiders" underlies recent judicial and legislative actions bolstering management's ability to fend off unwanted acquisitions.
Samuel N. Levin,
Raiding the Establishment: New Perspectives on Takeover Law,
U. Rich. L. Rev.
Available at: http://scholarship.richmond.edu/lawreview/vol26/iss3/16