[DOWNLOAD] "William B. Weinberger v. Rio Grande" by New Castle Court of Chancery of Delaware * Book PDF Kindle ePub Free

eBook details

Title: William B. Weinberger v. Rio Grande
Author : New Castle Court of Chancery of Delaware
Release Date : January 22, 1986
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 75 KB

Description

This is a class action arising out of a merger whereby Anschutz Corporation (Anschutz), in a two-step transaction commencing with a cash tender offer, acquired Rio Grande Industries, Inc. (Rio Grande) in October, 1984. The class consists of the common stockholders of record of Rio Grande as of October 1, 1984, the date on which the proposed transaction was announced. The defendants are Rio Grande and its directors who approved the merger (the Rio Grande defendants), as well as Anschutz and TAC Acquisition Corporation (TAC), a wholly-owned Anschutz subsidiary organized to effectuate the merger. 1 In his amended complaint the plaintiff alleges that Rio Grande and its directors, aided and abetted by Anschutz and TAC, breached their fiduciary duty to the Rio Grande shareholders by failing to disclose material facts and information in the Schedule 14D-9 which the Rio Grande defendants filed with the Securities and Exchange Commission (S.E.C.) and disseminated to Rio Grande's shareholders in connection with the tender offer/merger transaction.