Tender for Economic Gain Not 'Wrongfully Coercive' Despite Debt

Business Valuation Update BVLaw
Legal and Court Case Update
June 14, 1999
3161 Luggage
dissenting shareholder

Kenneth Weiss v. Samsonite Corporation
741 A.2d 366, 1999 Del. Ch. LEXIS 127
US
Delaware
Court of Chancery
Jacobs

Summary

Plaintiff challenged an internal leveraged recapitalization plan, which took the form of a cash self-tender offer by Samsonite to acquire 51% of its common stock at a price well above the trading price.

See Also

Kenneth Weiss v. Samsonite Corporation

Plaintiff challenged an internal leveraged recapitalization plan, which took the form of a cash self-tender offer by Samsonite to acquire 51% of its common stock at a price well above the tr ...