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Board waivers of DGCL §203
In re Digex
(Del
Ch 2000)
- Waiver granted by a committee controlled by
interested directors wasn't likely to survive an entire fairness review
85% exclusion
In re Digex
(Del
Ch 2000)
- Court discusses but doesn't decide issue of how
to apply 85% exclusion where there were super-majority voting rights
Shamrock Holdings v Polaroid
(Del Ch 1989)
- Determining application of 85% exclusion where a
substantial block was held by an ESOP
Constitutional issues
CTS
v Dynamics (US 1987)
- Supreme Court upholds Indiana statute
BNS
v Koppers
(D Del 1988)
SEC_CODE_REF_0090001192884
- DGCL §203 "most likely constitutional"
RP Acquisition v Staley Continental
(D Del 1988)
City Capital v Interco aff'd
(3rd Circuit 1988)
SWT
Acquisition v TW Services
(D Del 1988)
Edgar v MITE
(US 1982)
- Invalidated Illinois Business Takeover Act
- Impermissibly burdened interstate commerce
Loral v Sanders Associates
(D Del 1986)
- Found former DGCL §203 to be
unconstitutional
Tender offers
Eisenberg v Chicago Milwaukee
(Del Ch 1987)
Joseph v Shell Oil
(Del Ch 1984)
In re JP Stevens & Co Shareholders Litig
(Del Ch 1988)
Newell v Vermont American
(ND IL 1989)
Lynch v Vickers Energy
(Del 1978)
Solomon
v Pathe Communications aff'd
(Del 1996)
Zirn
v VLI
Ivanhoe Partners v Newmont Mining Corp aff'd (Del 1987)
In re Siliconix Shareholders Litigation
(Del Ch 2000)
Kahn v Lynch Communication
(Del 1995)
AC Acquisitions v Anderson, Clayton & Co
(Del Ch 1986)
Unocal v Mesa Petroleum
(Del 1985)
Desert Partners LP v USG
(ND IL1988)
In re Shamrock Holdings v Polaroid (Del Ch 1989)
Paramount Communications v Time
(Del 1990)
Gilbert v El Paso (Del 1990)
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