Legal Opinion
GM Sub Corp. v. Liggett Group, Inc.
Supreme Court of Delaware
Decided April 30, 1980PublishedCited by 1 opinion
1Opinion of the Court
DUFFY, Justice.
The crucial issue submitted in this appeal involves the relationship between the Delaware Tender Offer Statute and a Rule of the Securities and Exchange Commission governing tender offers. 1 We emphasize at the beginning of this opinion that the relationship is considered only in the context of the present controversy, which has been heard on an accelerated basis.
I
The Liggett Group Inc. (Liggett), plaintiff, is a Delaware corporation and the target of a tender offer by GM Sub Corporation (GM Sub), defendant, which is also a Delaware corporation. Grand Metropolitan Limited…
2Cases cited10 opinions
- Florida Lime & Avocado Growers, Inc. v. PaulSupreme Court of the United States · 1963
- Perez. v. CampbellSupreme Court of the United States · 1971
- Leroy v. Great Western United Corp.Supreme Court of the United States · 1979
- Free v. BlandSupreme Court of the United States · 1962
- McWane Cast Iron Pipe Corp. v. McDowell-Wellman Engineering Co.Supreme Court of Delaware · 1970
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3Cited by1 opinion
- Loral Corp. v. Sanders Associates, Inc.District Court, D. Delaware · 1986