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Merger Agreements Injunctions

Baker Donelson

Anthem Terminates Merger Deal with Cigna; Litigation Continues in Delaware Chancery Court

Baker Donelson on

On May 12, Anthem announced that it was terminating all efforts to complete its proposed merger with Cigna. The deal, announced back in 2015 and valued at $54 billion, would have combined the country's second and fifth...more

A&O Shearman

Delaware Supreme Court Determines "Reasonable Best Efforts" Provisions Impose Affirmative Obligations, But Affirms Chancery...

A&O Shearman on

On March 23, 2017, the Supreme Court of Delaware affirmed the Court of Chancery’s denial of an injunction sought by plaintiff The Williams Companies, Inc. to prevent defendant Energy Transfer Equity, L.P. from terminating a...more

Foley & Lardner LLP

Delaware Supreme Court Reverses Order Enjoining Stockholder Vote and Requiring Company to Solicit Alternative Proposals

Foley & Lardner LLP on

On December 19, 2014, the Delaware Supreme Court reversed an injunctive order issued by the Court of Chancery temporarily enjoining a stockholder vote on the merger of C&J Energy Services, Inc. (C&J) with a subsidiary of...more

Wilson Sonsini Goodrich & Rosati

New Delaware Decisions Provide Strong Support for Independent Board Decisions in the Sale of a Company

On December 19, 2014, the Delaware Supreme Court, in C&J Energy Services, Inc. v. City of Miami General Employees' & Sanitation Employees' Retirement Trust, issued a strongly worded decision refusing to enjoin a change of...more

Stinson - Corporate & Securities Law Blog

Delaware Supreme Court Says Window Shopping Without Auction Enough in C&J-Nabors Case

In November, the Delaware Chancery Court agreed to temporarily bar C&J Energy Services Inc. investors from voting on a proposed merger between C&J and the hydraulic fracturing and well-sealing units of Nabors Industries Ltd. ...more

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