Shareholder Challenges Stock Purchase From Affiliated Company

Business Valuation UpdateVol. 2 No. 6
Legal and Court Case Update
June 1996

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2816 Inorganic Pigments
325130 Synthetic Dye and Pigment Manufacturing
breach of fiduciary duty
Kahn v. Tremont Corporation
1996 Del. Ch. LEXIS 40
March 21, 1996
US
State Court
Delaware
Court of Chancery
Roger Miller (for plaintiff)
Allen

Summary

Kahn challenges as unfair to Tremont a Dec. 3, 1991, transaction in which that corporation purchased a block of 7.8 million shares of common stock of NL Industries Inc. (representing 15% of NL's outstanding shares) from defendant Valhi Inc.

See Also

Kahn v. Tremont Corporation

Full Text of Court Cases
March 21, 1996

At issue is whether the price paid by Tremont for 7.8 million shares of common stock of NL Industries, Inc. was too high.