In Re Cox Communications, Inc. Shareholders Litigation
Court of Chancery of Delaware
1Opinion of the Court
OPINION
STRINE, Vice Chancellor.
I. Introduction
This decision addresses an objection to a request for attorneys’ fees. The plaintiffs seeking the fee award filed premature, hastily-drafted, makeweight complaints attacking a fully negotiable proposal by the Cox family 1 to enter into a merger whereby they would buy all the public’s shares in Cox Communications, Inc. The Family’s proposal was specifically conditioned on agreement to final merger terms with a special committee of independent directors. Its $32 per share bid constituted a 14% premium over the pre-existing average market price for…
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