Delaware Business Litigation Report

Court Of Chancery Again Explains How To Do Sale Of A Company

Frank v. Elgamal, C.A. 6120-VCN (March 10, 2014)

Whether a stockholder or many stockholders acting as a group are in control of the process to sell a company has profound effects on the judicial review of what is done.  As this decision points out, "control" may be exercised over just part of the process as well.  Hence, this decision is a good explanation of when there is such control.

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