Legal Opinion
Cinerama, Inc. v. Technicolor, Inc.
Court of Chancery of Delaware
Decided October 12, 1994No. Civ. A. 8358PublishedCited by 84 opinions
1Opinion of the Court
OPINION
ALLEN, Chancellor.
This action against the corporate directors of Technicolor, Inc. (“Technicolor”) and others arises from the negotiation and effectuation of a two step transaction through which a subsidiary of MacAndrews and Forbes Group, Inc. (“MAF”), a Delaware corporation, acquired all of the stock of Technicolor for $23 per share cash. As found in the earlier, lengthy trial of this case, the cash price paid in that transaction represented more than a one hundred percent premium over the prior, unaffected market price of Technicolor stock on the New York Stock Exchange. No member…
2Cases cited29 opinions
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Virginia Bankshares, Inc. v. SandbergSupreme Court of the United States · 1991
- Myzel v. FieldsCourt of Appeals for the Eighth Circuit · 1967
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3Cited by84 opinions
- In Re Caremark International Inc. Derivative LitigationCourt of Chancery of Delaware · 1996
- In Re Walt Disney Co. Derivative LitigationSupreme Court of Delaware · 2006
- Orman v. CullmanCourt of Chancery of Delaware · 2002
- Cinerama, Inc. v. Technicolor, Inc.Supreme Court of Delaware · 1995
- Schock v. NashSupreme Court of Delaware · 1999
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