[Download] "Ac Acquisitions Corp. v. Anderson" by New Castle Court of Chancery of Delaware " Book PDF Kindle ePub Free
eBook details
- Title: Ac Acquisitions Corp. v. Anderson
- Author : New Castle Court of Chancery of Delaware
- Release Date : January 18, 1986
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 74 KB
Description
MEMORANDUM OPINION This case involves a contest for control of Anderson, Clayton & Co., a Delaware corporation (Anderson, Clayton or the Company). Plaintiffs, Bear, Stearns & Co., Inc., Gruss Petroleum Corp. and Gruss Partners (BS/G) are shareholders of Anderson, Clayton who, through a newly formed corporation AC Acquisitions Corp. are currently making a tender offer for any and all shares of Anderson, Clayton at $56 per share cash. That offer, which may close no earlier than midnight tonight, is subject to several important conditions as detailed below. BS/G has announced an intention, if it succeeds through its tender offer in acquiring 51% of the Company's stock, to do a follow-up merger at $56 per share cash.
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