Gradient OC Master, Ltd. v. NBC Universal, Inc.
Court of Chancery of Delaware
1Opinion of the Court
OPINION
PARSONS, Vice Chancellor.
This dispute involves challenges by holders of two classes of senior preferred stock of ION Media Networks, Inc. (“ION” or the “Company”) to an exchange offer being made to those stockholders as one of several transactions provided for under a Master Transaction Agreement (“MTA”) to restructure the Company’s ownership and capital structure. Defendants are ION, its directors, NBC Universal, Inc. (“NBCU”) and Citadel Investment Group LLC and an affiliate, CIG Media, LLC, (collectively, “CIG”). ION, NBCU and CIG are parties to the MTA. Plaintiffs assert that the…
2Cases cited28 opinions
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.Supreme Court of Delaware · 1986
- Smith v. Van GorkomSupreme Court of Delaware · 1985
- Unocal Corp. v. Mesa Petroleum Co.Supreme Court of Delaware · 1985
- Kahn v. Lynch Communication Systems, Inc.Supreme Court of Delaware · 1994
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