Legal Opinion
MacAndrews & Forbes Holdings, Inc. v. Revlon, Inc.
Court of Chancery of Delaware
Decided October 24, 1985PublishedCited by 16 opinions
1Opinion of the Court
WALSH, Justice *
At this stage in the contest for control of Revlon, Inc. (“Revlon”), it is necessary to address the scope of the fiduciary duty owed by Revlon’s board of directors to its shareholders in the face of a tender offer for any and all shares of the corporation by Pantry Pride, Inc. (“Pantry Pride”).
This action was filed by plaintiff MacAn-drews & Forbes Holdings, Inc. (“MacAn-drews”), an affiliate of Pantry Pride, on August 22, 1985, seeking declaratory and injunctive relief to prevent Revlon’s board of directors from issuing Note Purchase Rights (“Rights”) to its shareholders. 1…
2Cases cited7 opinions
- Smith v. Van GorkomSupreme Court of Delaware · 1985
- Moran v. Household International, Inc.Court of Chancery of Delaware · 1985
- Allied Chemical & Dye Corp. v. Steel & Tube Co. of AmericaCourt of Chancery of Delaware · 1923
- Harff v. KerkorianCourt of Chancery of Delaware · 1974
- Wilmington Trust Company v. CoulterSupreme Court of Delaware · 1964
2 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.Supreme Court of Delaware · 1986
- Hanson Trust PLC v. ML SCM Acquisition Inc.Court of Appeals for the Second Circuit · 1986
- In re MFW Shareholders LitigationCourt of Chancery of Delaware · 2013
- West Point-Pepperell, Inc. v. J.P. Stevens & Co.Court of Chancery of Delaware · 1988
- In Re General Motors Class E Stock Buyout Securities LitigationDistrict Court, D. Delaware · 1988
11 more not listed; retrieve them via the Exa API.