Matador Capital Management v. BRC Holdings, Inc.

Full Text of Court Cases
November 25, 1998
6719 Offices of Holding Companies, NEC
551112 Offices of Other Holding Companies
breach of fiduciary duty
due diligence, valuation methods, fairness opinion, tender offer

Matador Capital Management Corporation v. BRC Holdings, Inc.
729 A.2d 280, 1998 Del. Ch. LEXIS 225
State Court
Court of Chancery
Thomas Davis (for BRC Holdings)


At issue is the board's failure to protect shareholder's interest and maximize stock value during a merger.

See Also

Disclosure of Valuation Method Not Required

Plaintiffs, shareholders of defendant BRC Holdings Inc. (BRC) sought a preliminary injunction prohibiting the consummation of a planned tender offer followed by a merger of BRC and defendant ACS Acquisition Corp. (ACS).