• Important Deal Termination Decision from Delaware Court
  • October 19, 2008 | Authors: Herbert F. Kozlov; Thad J. Bracegirdle
  • Law Firms: Reed Smith LLP - New York Office ; Reed Smith LLP - Wilmington Office
  • On September 29, 2008, Vice Chancellor Stephen P. Lamb of the Delaware Court of Chancery issued his highly anticipated decision in the litigation filed by Hexion Specialty Chemicals, Inc. seeking to terminate its obligation to consummate the $10.6 billion merger through which it planned to acquire Huntsman Corporation, a Salt Lake City-based specialty chemical manufacturer.