Delaware Insider: Court of Chancery Orders a “Fairer Price” Based on Controller's Malfeasance
Where a controlling stockholder's fraud or bad faith vitiates a going-private sale process, minority stockholders are entitled not just to a fair price, but to a “fairer price.” This article discusses the recent decision by the Delaware Court of Chancery in In re Dole Food Company, Inc.
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description | Where a controlling stockholder's fraud or bad faith vitiates a going-private sale process, minority stockholders are entitled not just to a fair price, but to a “fairer price.” This article discusses the recent decision by the Delaware Court of Chancery in In re Dole Food Company, Inc. |
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source | HeinOnline Law Journal Library; Business Source Complete; JSTOR Archive Collection A-Z Listing; EZB-FREE-00999 freely available EZB journals |
subjects | Bad faith (Law) Breach of trust Business structures Chancellors Chancery courts Commercial law Departments Fraud Laws, regulations and rules Leveraged buyouts Litigation Securities fraud Shareholders Specialized committees Stock prices Stock shares |
title | Delaware Insider: Court of Chancery Orders a “Fairer Price” Based on Controller's Malfeasance |
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