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Public disclosure was a theme in Delaware's Chancery Court last week: A Southwest Gas stockholder's bid to disclose reports relating to activist investor Carl Icahn got fast-tracked, details about a pending deal involving the Pittsburgh Penguins were ordered to be made public, and shareholders launched multiple new cases seeking access to company books and records. Here's a wrap-up of the news last week from Delaware Chancery Court. ....
Activist investor Carl Icahn's attempt to force Southwest Gas Holdings Inc. to hold a special stockholder meeting to elect new directors goes against both Delaware law and the company's bylaws and should be denied, the natural gas company told Delaware's Court of Chancery at a hearing Tuesday. ....
R.R. Donnelley & Sons Co. declared late Friday that a $10.85-per-share offer from Chatham Asset Management LP was the latest "superior proposal" in what has become a bidding war for the integrated communications company, in turn sidelining a Delaware Chancery Court challenge to the process. ....
R.R. Donnelley & Sons Co. declared late Friday that a $10.85-per-share offer from Chatham Asset Management LP was the latest "superior proposal" in what has become a bidding war for the integrated communications company, in turn sidelining a Delaware Chancery Court challenge to the process. ....
Grant & Eisenhofer PA and Cohen Milstein Sellers & Toll PLLC have agreed to a stipulation that would consolidate two lawsuits filed in Delaware Chancery Court over a $1 billion merger that created XL Fleet Corp., and are seeking to serve as co-lead counsel for the proposed shareholder class. ....