Buttonwood Tree Value Partners, L.P. v. R.L. Polk & Co., Inc., DEFAX Case No. D67823 (Del.Ch. July 24, 2017), Glasscock, V.C. (54 pages).
Appraisal action not denied where plaintiff stockholders, who sold in a self-tender, asserted facts that defendant directors who were allied with controlling family engineered self-tender to maintain control, and that other stockholders received 300 percent of the self-tender price in a subsequent cash-out merger.
|August 09, 2017 at 12:00 AM
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