Williams v. Geier

HARTNETT, Justice, and HORSEY, Justice (Retired),

dissenting:

We respectfully dissent. The question is what is the appropriate standard of review to be employed by the Court of Chancery in reviewing the Milacron Recapitalization Plan that was approved by a vote of the shareholders pursuant to 8 Del.C. § 242, the effect j; of which will inevitably entrench the majority; stockholders, to the ultimate detriment of the minority stockholders who did not approve the Plan. The members of the Geier Family Group, the intended and acknowledged beneficiaries of the Plan, “own or control in excess of 50%…