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It wasn’t long after the immediate, frenzied response to the financial crisis that governments and regulators began to turn their minds to the fault lines that had been exposed in the financial system as a whole and to ways in which these could and should be addressed

A Delaware court recently concluded in <I>Omnicare</I> that the board of directors of a Delaware company cannot approve an irrevocable merger agreement, even if the merger is not available except on that basis.