Legal Opinion
In re Primedia, Inc. Shareholders Litigation
Court of Chancery of Delaware
Decided May 10, 2013No. C.A. No. 6511-VCLPublishedCited by 42 opinions
1Opinion of the Court
OPINION
LASTER, Vice Chancellor.
On May 15, 2011, the board of directors of Primedia, Inc. (“Primedia” or the “Corn-pany”) adopted a resolution approving a merger agreement among the Company, TPG Capital, L.P. (“TPG”), and TPG’s wholly owned acquisition subsidiaries (the “Merger Agreement”). Later that day, Primedia’s majority stockholder, Kohlberg Kravis Roberts & Co. L.P. (“KKR”), approved the Merger Agreement by written consent. When the transaction closed on July 13, 2011, each share of Primedia common stock, including those held by KKR, was converted into the right to receive $7.10 in cash…
2Cases cited44 opinions
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Malpiede v. TownsonSupreme Court of Delaware · 2001
- Zapata Corp. v. MaldonadoSupreme Court of Delaware · 1981
- Smith v. Van GorkomSupreme Court of Delaware · 1985
- Malone v. BrincatSupreme Court of Delaware · 1998
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3Cited by42 opinions
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