Matador Capital Management Corp. v. BRC Holdings, Inc.

OPINION

LAMB, Vice Chancellor.

I. INTRODUCTION

Plaintiffs Matador Capital Management Corporation, Everglades Partners, L.P., Everglades Offshore Fund, Ltd., and Con-trarian Opportunities Fund, L.P. (collectively, “Plaintiffs”), filed this action seeking to enjoin the performance of the Agreement and Plan of Merger (“Agreement”), dated October 20, 1998, between defendants Affiliated Computer Services, Inc. and ACS Acquisition Corporation (collectively, “ACS”) and defendant BRC Holdings, Inc. (“BRC”), in which ACS proposes to acquire BRC in a two-step acquisition. A hearing on plaintiffs’ motion…