Legal Opinion
In Re Lukens Inc. Shareholders Litigation
Court of Chancery of Delaware
Decided December 1, 1999No. C.A. 16102PublishedCited by 128 opinions
1Opinion of the Court
OPINION
LAMB, Vice Chancellor.
I. INTRODUCTION
On January 5, 1998, Lukens, Inc. (“Luk-ens” or the “Company”) announced that Bethlehem Steel Corporation had agreed to pay $30 per share (consisting of a combination of cash and stock) in exchange for all of the Lukens common stock. This announcement followed an initial agreement between Lukens and Bethlehem to merge at a price of $25 per share and a subsequent proposal from a third party to pay $28 per share. The Lukens stockholders voted to approve the Lukens/Bethle-hem transaction, which was consummated on May 29,1998.
Three stockholder actions…
2Cases cited25 opinions
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Aronson v. LewisSupreme Court of Delaware · 1984
- Cede & Co. v. Technicolor, Inc.Supreme Court of Delaware · 1994
- Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.Supreme Court of Delaware · 1986
- Emerald Partners v. BerlinSupreme Court of Delaware · 1999
20 more not listed; retrieve them via the Exa API.
3Cited by128 opinions
- Malpiede v. TownsonSupreme Court of Delaware · 2001
- Allied Capital Corp. v. GC-Sun Holdings, L.P.Court of Chancery of Delaware · 2006
- Desimone v. BarrowsCourt of Chancery of Delaware · 2007
- Leal v. MeeksSupreme Court of Delaware · 2015
- In re Trados Inc. Shareholder LitigationCourt of Chancery of Delaware · 2013
123 more not listed; retrieve them via the Exa API.