Legal Opinion
Aveta Inc. v. Cavallieri
Court of Chancery of Delaware
Decided September 20, 2010No. C.A. No. 5074-VCLPublishedCited by 27 opinions
1Opinion of the Court
OPINION
LASTER, Vice Chancellor.
In 2006, Aveta Inc. closed the acquisition of Preferred Medicare Choice Inc. (“PMC”), a Puerto Rico corporation. Ave-ta purchased PMC’s Class A shares from its controlling shareholders for 60.93% of the aggregate consideration, then merged a Puerto Rico acquisition subsidiary into PMC. PMC’s non-controlling Class B shares were converted into the right to receive the remaining 39.07% of the consideration. Part of the consideration was paid at closing, subject to post-closing adjustments, with the potential for an earn-out. Aveta would calculate the adjustments…
2Cases cited19 opinions
- E.I. DuPont de Nemours and Co. v. Rhone Poulenc Fiber and Resin Intermediates, S.A.S.Court of Appeals for the Third Circuit · 2001
- Appriva Shareholder Litigation Co. v. Ev3, Inc.Supreme Court of Delaware · 2007
- Moran v. Household International, Inc.Supreme Court of Delaware · 1985
- NAMA Holdings, LLC v. Related World Market Center, LLCCourt of Chancery of Delaware · 2007
- McDermott Inc. v. LewisSupreme Court of Delaware · 1987
14 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Flintkote Co. v. Aviva PLCCourt of Appeals for the Third Circuit · 2014
- In re Goldman Sachs Mortgage Servicing Shareholder Derivative LitigationDistrict Court, S.D. New York · 2012
- Cigna Health and Life Insurance Company v. Audax Health Solutions, Inc.Court of Chancery of Delaware · 2014
- Robert Strougo v. Aaron P. HollanderCourt of Chancery of Delaware · 2015
- Bailey v. Astra Tech, Inc.Massachusetts Appeals Court · 2013
22 more not listed; retrieve them via the Exa API.