Hart v. General Motors Corp.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Sullivan, J.
In October 1984, General Motors (GM), a Delaware corporation with its principal place of business in Michigan, acquired 100% of the voting securities of Electronic Data Systems Corp. (EDS), a highly successful computer services firm, at a cost of some $2,500,000,000. Under the terms of the acquisition, each outstanding share of EDS stock was exchanged, at the option of the EDS shareholder, for either $44 in cash or a combination of $35.20 in cash, a share of a newly created class of GM common stock (Class E stock), a nontransferable contingent promissory note,…
2Cases cited13 opinions
- Koster v. (American) Lumbermens Mutual Casualty Co.Supreme Court of the United States · 1947
- Edgar v. Mite Corp.Supreme Court of the United States · 1982
- CTS Corp. v. Dynamics Corp. of AmericaSupreme Court of the United States · 1987
- Islamic Republic of Iran v. PahlaviNew York Court of Appeals · 1984
- Diamond v. OreamunoNew York Court of Appeals · 1969
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3Cited by70 opinions
- Levine v. SmithSupreme Court of Delaware · 1991
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- Richbell Information Services, Inc. v. Jupiter Partners, L.P.Appellate Division of the Supreme Court of the State of New York · 2003
- McDermott Inc. v. LewisSupreme Court of Delaware · 1987
- Adelphia Communications Corp. v. Bank of America, N.A. (In Re Adelphia Communications Corp.)United States Bankruptcy Court, S.D. New York · 2007
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