Summary
The Lyondell Chemical Company board of directors received an unsolicited—but very attractive—tender offer for its publicly traded stock. However, even after negotiating an even greater price increase, deliberating over the offer, and receiving a fairness ...
DELAWARE COURT OF CHANCERY DENIES SUMMARY RULING IN FAVOR OF DIRECTORS WHO APPROVED MERGER, BASED ON ACCUSATIONS OF A BREACH OF DUTY OF GOOD FAITH
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