Entire Fairness Standard Applies to Merger

Business Valuation Update BVLaw
Legal and Court Case Update
July 9, 1999
3499 Fabricated Metal Products, NEC
332510 Hardware Manufacturing
breach of fiduciary duty
breach of fiduciary duty, cash-out merger

Dennis Wood v. Frank E. Best
1999 Del. Ch. LEXIS 141
State Court
Court of Chancery
Chandler, Chancellor


The defendants acquired control of three related companies, cashed-out the minority shareholders, and merged them into WEBCO.

See Also

Dennis Wood v. Frank E. Best

At issue is breach of fiduciary duty in connection with the cash-out of minority shareholders in three related corporations.