Legal Opinion
Royal Industries, Inc. v. Monogram Industries, Inc.
Court of Chancery of Delaware
Decided November 10, 1976PublishedCited by 2 opinions
1Opinion of the Court
MARVEL, Chancellor.
The defendant Monogram proposes to offer to purchase from their present holders 3,200,000 shares or 55% of the common stock of the plaintiff Royal for a cash payment of $11 per share (a price allegedly 42% in excess of the current market price for such stock), such offer to become effective, unless restrained, on November 11, 1976. Both corporations, although incorporated in Delaware, have their principal places of business in California, plaintiff’s in Pasadena and defendant’s in Santa Monica.
Prior to May 1, 1976, the effective date of 8 Del.C., § 203, there was no…
2Cases cited9 opinions
- Federal United Corp. v. HavenderSupreme Court of Delaware · 1940
- Drug, Inc. v. HuntSupreme Court of Delaware · 1933
- Salt Dome Oil Corp. v. SchenckSupreme Court of Delaware · 1945
- Finch v. Warrior Cement Corp.Court of Chancery of Delaware · 1928
- Gaskill v. Gladys Belle Oil Co.Court of Chancery of Delaware · 1929
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3Cited by2 opinions
- Nelson v. Frank E. Best Inc.Court of Chancery of Delaware · 2000
- American Medicorp, Inc. v. Humana, Inc.Court of Chancery of Delaware · 1977