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The Delaware Court of Chancery has dismissed a shareholder challenge to the 2015 sale of Martha Stewart’s merchandising company to Sequential Brands Group Inc., ruling that the $353 million deal included protective measures that kept it within the protection of the business judgment rule and shielding it from heightened scrutiny.
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Tom McParland of Delaware Law Weekly can be contacted at 215-557-2485 or at email@example.com. Follow him on Twitter @TMcParlandTLI.