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 ...