Legal Opinion
Grace Bros. v. Farley Industries, Inc.
Supreme Court of Georgia
Decided October 31, 1994No. S94A0791; S94A0792PublishedCited by 43 opinions
1Opinion of the Court
Thompson, Justice.
William Farley, and entities associated with him, made a tender offer of $58 per share for all of the outstanding common stock of West Point Pepperell (“WPP”).1 The offer was approved by WPP’s board of directors and 95 percent of WPP’s stock was tendered to Farley.
The tender offer negotiations led to a merger agreement in which West Point Acquisition Corporation and WPP agreed to use their best efforts to merge West Point Tender Corporation and WPP. The agreement provided that the remaining shareholders of WPP (holding five percent of the outstanding common stock) would be…
2Cases cited14 opinions
- In Re Tri-Star Pictures, Inc., LitigationSupreme Court of Delaware · 1993
- Lewis v. AndersonSupreme Court of Delaware · 1984
- Miree v. United StatesSupreme Court of Georgia · 1978
- Phoenix Airline Services, Inc. v. Metro Airlines, Inc.Supreme Court of Georgia · 1990
- Thomas v. DicksonSupreme Court of Georgia · 1983
9 more not listed; retrieve them via the Exa API.
3Cited by43 opinions
- Grosset v. WenaasCalifornia Supreme Court · 2008
- Southwest Health and Wellness, LLC v. WorkCourt of Appeals of Georgia · 2006
- Parks v. Multimedia Technologies, Inc.Court of Appeals of Georgia · 1999
- Cohen v. Mirage Resorts, Inc.Nevada Supreme Court · 2003
- Stoker v. BELLEMEADE, LLCCourt of Appeals of Georgia · 2005
38 more not listed; retrieve them via the Exa API.