Legal Opinion
Stahl v. Apple Bancorp, Inc.
Court of Chancery of Delaware
Decided May 18, 1990PublishedCited by 22 opinions
1Opinion of the Court
OPINION
ALLEN, Chancellor.
On March 28, 1990 Stanley Stahl, who is the holder of 30% of the outstanding common stock of Apple Bancorp, Inc. (“Ban-corp”), announced a public tender offer for all of the remaining shares of Bancorp’s stock. Mr. Stahl had earlier informed Ban-corp’s board of an intention to conduct a proxy contest for the election of directors to the company’s board. On April 10 Ban-corp’s board of directors elected to defer the company’s annual meeting, which it had intended to call for mid-May, and announced it would explore the advisability of pursuing an extraordinary…
2Cases cited16 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.Supreme Court of Delaware · 1986
- Schnell v. Chris-Craft Industries, Inc.Supreme Court of Delaware · 1971
- Ivanhoe Partners v. Newmont Mining Corp.Supreme Court of Delaware · 1987
- Blasius Industries, Inc. v. Atlas Corp.Court of Chancery of Delaware · 1988
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3Cited by22 opinions
- Stroud v. GraceSupreme Court of Delaware · 1992
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- In Re Del Monte Foods Co. Shareholders LitigationCourt of Chancery of Delaware · 2011
- Chesapeake Corp. v. ShoreCourt of Chancery of Delaware · 2000
- Mercier v. Inter-Tel (Delaware), Inc.Court of Chancery of Delaware · 2007
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