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Troutman Pepper Locke

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Delaware Court of Chancery Holds That Conditioning Merger Consideration on Execution of a Release Agreement Breaches the Certificate of Incorporation

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Tyler Wilson
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Delaware Court of Chancery held that conditioning merger consideration on a stockholder release breaches the charter, limiting recovery to the per-share price plus interest.

The view north along the coast of Rehoboth Beach, Delaware during sunset

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Tyler Wilson
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