Legal Opinion
In Re Aquila Inc.
Court of Chancery of Delaware
Decided January 3, 2002No. Civ. A. 19237PublishedCited by 14 opinions
1Opinion of the Court
OPINION
LAMB, Vice Chancellor.
Plaintiffs seek a preliminary injunction against the consummation of a tender offer by UtiliCorp United Inc. (“UtiliCorp”) for the approximately 20% of the outstanding shares of common stock of Aquila, Inc. (“Aquila”) not already owned by it. Until April 23, 2001, when it completed its initial public offering, Aquila was a wholly owned subsidiary of UtiliCorp. The tender offer is set to expire tomorrow, January 4, 2002.
Aquila has no independent or “outside” directors. As a consequence, Aquila has not expressed an opinion in favor or in opposition to the offer. In…
2Cases cited11 opinions
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.Supreme Court of Delaware · 1986
- Lord v. SouderSupreme Court of Delaware · 2000
- Solomon v. Pathe Communications Corp.Supreme Court of Delaware · 1996
- Lynch v. Vickers Energy Corp.Supreme Court of Delaware · 1977
6 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Pfeffer v. RedstoneSupreme Court of Delaware · 2009
- In re Pure Resources, Inc., Shareholders LitigationCourt of Chancery of Delaware · 2002
- Teamsters Union 25 Health Services & Insurance Plan v. Gavin BaieraCourt of Chancery of Delaware · 2015
- Hollinger International, Inc. v. BlackCourt of Chancery of Delaware · 2004
- In Re the Mony Group Inc. Shareholder LitigationCourt of Chancery of Delaware · 2004
9 more not listed; retrieve them via the Exa API.