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Teaching Notes
Teaching Notes 1–11.
Published: 20 January 2017
... of the company. Atari was generating substantial losses, had defaulted on its debt, and was faced with the possibility of filing for bankruptcy without more working capital. The independent directors of Atari, when confronted with an unsolicited Infogrames buyout offer, had several options: (1) agree...
Teaching Notes
Teaching Notes 1–11.
Published: 20 January 2017
... Fiduciary Duties Duty of Care Turnaround Management Buyout Offer Public Company Governance International Turnaround Divestments Ireland The case begins with newly appointed chairman and interim CEO Garo Armen dwelling on the significant issues that Elan Corporation faces. The company's...

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