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HTMLDelaware Supreme Court: Controller Buyout Mergers can be Reviewed under Business Judgment Rule
Clifford E. Neimeth; Greenberg Traurig, LLP;
Legal Alert/Article
March 27, 2014, previously published on March 19, 2014
In a significant case of first impression, the Delaware Supreme Court (“Delaware Supreme Court”), in Kahn v. M&F Worldwide Corp. (“M&F Worldwide”), No. 334, 2013 (Del. Mar. 14, 2014), unanimously affirmed that a controller’s buyout of its subsidiary in a negotiated...

 

Adobe PDFTakeaways From Del. High Court's MFW Ruling
Clifford E. Neimeth; Greenberg Traurig, LLP;
Legal Alert/Article
March 26, 2014, previously published on March 19, 2014
In a significant case of first impression, the Delaware Supreme Court, in Kahn v. M&F Worldwide Corp. (M&F Worldwide), No. 334, 2013 (Del. Mar. 14, 2014), unanimously affirmed that a controller’s buyout of its subsidiary in a negotiated merger is entitled to judicial review under the...