The latter is not a surprising outcome, but hardly arm's length negotiations.
The employment agreement, which extends through April 2004, was a "result of arm's length negotiations between Kmart and Mr. Adamson," the document states.
"They are not the result of arm's length negotiations," the S.E.C. filing says of contracts with First Quality Maintenance and Classic Security, which do cleaning and security work.
A group of nine law and corporate finance professors urges Delaware's top court to adopt a rule that requires the Chancery Court to defer to the transaction price when a deal results from arm's length negotiations.
Perish the thought that working people and their employers would be permitted to spend money on health care in the way that they agree in arm's length negotiations that they want to.
The Total Acquisition Consideration was determined after arm's length negotiations between the parties taking into consideration the opportunities for the Group to invest in Jolla Oy, to enter the industry of mobile phone operating system development, and the long-term strategic business cooperation potential with Jolla Oy.
The S.E.C. said its settlement with Bank of America was the result of an "arms-length negotiation".
Far too often, a chief executive's pay isn't a result of an arms-length negotiation, but a result of a kind of a corporate buddy system.
Apollo said the loan was made at market terms, in the ordinary course of business, and after an arm's-length negotiation.
Companies can have one subsidiary pay any price they want to another subsidiary, so long as it is reasonably close to what an arm's-length negotiation would produce.
The Chancellor concluded that the agreement was the product of "an arms-length negotiation between two parties seeking individual advantage through mutual action". The resulting company would have a 24-member board, with 12 members representing each corporation.
