Revlon Duties

In the sale of the company, the goal of the board of directors should be to proceed in a manner such that their actions promote the value of the sale and yield the most benefit for the company's shareholders. In other words, get the best deal they can for the shareholders. Revlon is active when the company is up for sale and is to be broken up. Revlon imposes upon directors of Delaware corporations a duty to conduct an auction when a company is for sale.