The New Delaware One-Step: DGCL Section 251(h) Revolutionizes Delaware Merger Practice

Section 251(h) of the Delaware General Corporation Law (the “DGCL”) became effective on August 1, 2013 and is quickly becoming a staple of mergers and acquisitions practice.  In certain circumstances, Section 251(h) expedites friendly acquisitions by eliminating the need for a stockholder vote on a second-step merger following consummation of a tender or exchange offer