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DE Supreme Court Affirms Chancery Court Application of Business Judgment Review to Control Stockholder Buyout

This article focuses on one-step control stockholder buyouts structured as a merger; Delaware courts have traditionally applied a different standard of review when the buyout is structured with two steps , a tender offer followed by a short-form merger.

34 minute read May 01, 2014 at 02:25 PM
By
Robert S. Reder
DE Supreme Court Affirms Chancery Court Application of Business Judgment Review to Control Stockholder Buyout

Following then-Vice Chancellor (now Chief Justice of the Delaware Supreme Court ) Leo E. Strine, Jr.'s May 29, 2013 decision in In re MFW Shareholders Litigation, C.A. No. 6566-CS (Del.

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