Entire Fairness Versus Solomon Standard

Business Valuation UpdateVol. 9 No. 3
Legal and Court Case Update
March 2003
2836 Biological Products, Except Diagnostic Substances
dissenting shareholder

Pure Resources, Inc. v. Shareholders Litigation
No. 19876 (Del. Chan. 2002)
October 1, 2002
US
State Court
Delaware
Court of Chancery
Strine

Summary

The minority shareholders of Pure Resources, Inc. filed a motion for preliminary injunction to block the tender offer, which was to be followed by a short-form merger, initiated by majority shareholder Unocal Corp.

See Also

Pure Resources, Inc. v. Shareholders Litigation

The Delaware Court of Chancery found that the underlying analyses thta formed the basis for an investment banker's fairness opinion should have been disclosed to the shareholders, and that such information was material to a shareholder's decision to tende ...