M&F Worldwide Corp

Type: Company
Name: M&F Worldwide Corp (M & F Worldwide Corporation)
First reported 3 hours ago - Updated 3 hours ago - 1 reports

Controlling stockholder squeeze-outs may be structured to achieve deferential business judgment rule under Delaware law

OverviewIn Kahn v. M&F Worldwide Corp. (Del. Mar. 14, 2014), the Delaware Supreme Court recently decided that a going private transaction sponsored by the controlling stockholder of a Delaware corporation may, under certain circumstances, be reviewed ... [Published Lexology - 3 hours ago]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

Mergers & Acquisitions Alert: Controlling Stockholder Squeeze-Outs May Be Structured to Achieve Deferential “Business Judgment Rule” Under Delaware Law

In Kahn v. M&F Worldwide Corp. (Del. Mar. 14, 2014) , the Delaware Supreme Court recently decided that a going private transaction sponsored by the controlling stockholder of a Delaware corporation may, under certain circumstances, be reviewed under the ... [Published JD Supra - Apr 16 2014]
First reported Apr 13 2014 - Updated Apr 13 2014 - 1 reports

Kahn v. MF Worldwide Corp.

, the Delaware Supreme Court decided 2 and unanimously affirmed the Chancery Court’s ruling in In re MFW.3 As we discussed previously, in In re MFW, then-Chancellor (now Chief Justice) Strine4 ruled that a going-private transaction with a controlling ... [Published Lexology - Apr 13 2014]
First reported Apr 11 2014 - Updated Apr 11 2014 - 1 reports

Don't Let the Board Get Hammered: A Pair of Tools for Controlling Shareholder Takeovers

On March 14, the Delaware Supreme Court issued an opinion, Kahn v. M&F Worldwide Corp. , that's a game-changer in breach of fiduciary duty litigation.The business judgment standard, rather than the more stringent entire fairness standard, will apply in ... [Published Texas Lawyer - Apr 11 2014]
First reported Apr 09 2014 - Updated Apr 09 2014 - 1 reports

Delaware Supreme Court affirms criteria for applying the business judgment rule to controlling stockholder going-private transactions

In Kahn, et al. v. M & F Worldwide Corp., et al., 2014 WL 996270 (Del. Mar. 14, 2014), the Delaware Supreme Court unanimously affirmed that, when certain procedural safeguards are implemented at the outset of negotiations, a controller’s buyout of its ... [Published Lexology - Apr 09 2014]
First reported Apr 04 2014 - Updated Apr 04 2014 - 1 reports

Kahn v. M&F Worldwide

(affirming In Re MFW's finding that if dual stockholder protective procedural conditions are properly employed, a controlling stockholder acquisition would be subject to the business judgment standard of review rather than entire fairness)In a much anticipated ... [Published Lexology - Apr 04 2014]
First reported Mar 31 2014 - Updated Mar 31 2014 - 1 reports

Delaware Supreme Court affirms business judgment rule application in controlling stockholder “freeze-outs”

, the Delaware Supreme Court issued its opinion in Kahn v. M&F Worldwide Corp.,1 affirming the Court of Chancery’s holding in In re MFW S’holders Litigation2 that a “freeze-out” merger between a controlling stockholder and its controlled subsidiary will ... [Published Lexology - Mar 31 2014]
First reported Mar 26 2014 - Updated Mar 27 2014 - 3 reports

Delaware Supreme Court Affirms Criteria for Applying the Business Judgment Rule to Controlling Stockholder Going-Private Transactions

In Kahn, et al. v. M & F Worldwide Corp., et al ., 2014 WL 996270 (Del. Mar. 14, 2014), the Delaware Supreme Court unanimously affirmed that, when certain procedural safeguards are implemented at the outset of negotiations, a controller’s buyout of its ... [Published Reed Smith LLP - Mar 27 2014]
First reported Mar 26 2014 - Updated Mar 26 2014 - 1 reports

Perkins Coie: M&F WorldWide: Delaware Supreme Court Upholds Business Judgment Review in Controlling Stockholder Transaction

M&F WorldWide : Delaware Supreme Court Upholds Business Judgment Review in Controlling Stockholder TransactionPerkins CoieMarch 25, 20144 pages ... [Published MyCorporateResource.com - Mar 26 2014]
First reported Mar 25 2014 - Updated Mar 25 2014 - 1 reports

Issue: 824585, Page: 65

(A1) CERTIFICATE OF INCORPORATION MANCHESTER FLOORING INSTALLATIONS LIMITED MANCHESTER MONEY TRANSFER LTD MANCHESTER ROAD, MARSHFIELDS, TOPLINE, EILEENS, WESTBOWLING, BANKFOOT AND EAST BOWLING PRIV HIRE LIMITED MANCHESTER SUPER STORE (LIVERPOOL) LTD MANCUNIAN ... [Published London Gazette - Mar 25 2014]
First reported Mar 24 2014 - Updated Mar 25 2014 - 2 reports

Delaware Supreme Court Upholds Chancery Court Ruling that Applied Business Judgment Rule to Going Private Transaction with Controlling Stockholder

In Kahn v. M&F Worldwide Corp. , the Delaware Supreme Court unanimously upheld the Chancery Court’s decision in In re MFW Shareholders Litigation. In that decision, the Chancery Court had granted summary judgment in favor of the board of directors of ... [Published JD Supra - Mar 25 2014]
First reported Mar 18 2014 - Updated Mar 19 2014 - 6 reports

Delaware Supreme Court Confirms The Path to Business Judgment Review In Controlling Stockholder Transactions

On March 14, 2014, the Delaware Supreme Court issued its eagerly-awaited decision in Kahn v. M&F Worldwide Corp. , No. 334, 2013 (Del. March 14, 2014).  The Court affirmed the Chancery Court's holding (Strine, C.) that the deferential business judgment ... [Published Bracewell Giuliani - Mar 19 2014]

Quotes

...did not exist," then the claim would survive a motion to dismiss and, if discovery yields triable issues of fact as to these conditions, then "the case will proceed to a trial in which the court will conduct an entire fairness review." The Court notes that in the particular case at hand, even under the new standard, the plaintiff's claim in this case would have survived a motion to...
For "mergers between a controlling stockholder and its corporate subsidiary" the standard of review is business judgment only " upon both the approval of an independent, adequately-empowered Special Committee that fulfills its duty of care; and the uncoerced, informed vote of a majority of the minority stockholders."
...96. Perelman's offer was for $24/stock, and stipulated that -- at the outset -- the sale must be "approved by a special committee" and required "approval of a majority of the shares of the Company not owned by M & F or its affiliates."
...procedural protections had both been undisputedly established prior to trial, the court affirmed the use of the business judgment rule, finding that "it cannot be credibly argued (let alone concluded) that no rational person would find the Merger favorable to MFW's minority stockholders."   Id. at 38-39

More Content

All (38) | News (33) | Reports (0) | Blogs (2) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
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Controlling stockholder squeeze-outs may be str... [Published Lexology - 3 hours ago]
Mergers & Acquisitions Alert: Controlling Stock... [Published JD Supra - Apr 16 2014]
Kahn v. MF Worldwide Corp. [Published Lexology - Apr 13 2014]
Don't Let the Board Get Hammered: A Pair of Too... [Published Texas Lawyer - Apr 11 2014]
Delaware Supreme Court affirms criteria for app... [Published Lexology - Apr 09 2014]
Corporate governance update – March 2014 [Published Lexology - Apr 07 2014]
Kahn v. M&F Worldwide [Published Lexology - Apr 04 2014]
Delaware Supreme Court affirms business judgmen... [Published Lexology - Mar 31 2014]
Update: Landmark Decision by Delaware's High Co... [Published Pierce Atwood - Mar 27 2014]
Delaware Supreme Court Affirms Criteria for App... [Published Reed Smith LLP - Mar 27 2014]
M&F Worldwide: Delaware Supreme Court Upholds B... [Published JD Supra - Mar 26 2014]
Ron Perelman case sets standard for review for ... [Published Lexology - Mar 26 2014]
Perkins Coie: M&F WorldWide: Delaware Supreme... [Published MyCorporateResource.com - Mar 26 2014]
Issue: 824585, Page: 65 [Published London Gazette - Mar 25 2014]
Delaware Supreme Court Upholds Chancery Court R... [Published JD Supra - Mar 25 2014]
Corporate and Financial Weekly Digest - Volume ... [Published JD Supra - Mar 24 2014]
Delaware Adopts Business Judgment Rule for Cert... [Published Findlaw Corporate Counsel - Mar 21 2014]
Kahn v. M&F Worldwide Corp., C.A. No. 6566 (Del... [Published JD Supra - Mar 21 2014]
The More Things Change? Delaware Supreme Court ... [Published Shearman & Sterling - Mar 21 2014]
Delaware Supreme Court Deals Blow to Merger Lit... [Published JD Supra - Mar 20 2014]
Delaware Supreme Court Adopts New Standard of R... [Published Findlaw Corporate Counsel - Mar 20 2014]
Cahill: Kahn v. M&F Worldwide Corp.: Delaware... [Published MyCorporateResource.com - Mar 19 2014]
Delaware Supreme Court Confirms The Path to Bus... [Published Bracewell Giuliani - Mar 19 2014]
"Contracts: Are You Smarter Than a First-Year ... [Published Cox Smith - Mar 18 2014]
Business Judgment Rule Now Available for Going-... [Published ShannonGracey - Mar 18 2014]
Delaware Upholds Business Judgment Review for C... [Published JD Supra - Mar 18 2014]
In re MFW Decision Upheld by Delaware Supreme C... [Published JD Supra - Mar 18 2014]
Delaware Supreme Court Affirms Application of B... [Published JD Supra - Mar 18 2014]
M&A Update: Delaware Supreme Court Upholds Busi... [Published JD Supra - Mar 18 2014]
Ropes & Gray: Delaware Supreme Court Establis... [Published MyCorporateResource.com - Mar 18 2014]
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Delaware Sup Ct Affirms Use of Business Judgmen... [Published ProfessorBainbridge.com - Mar 15 2014]
Kahn v. M & F Worldwide Corp., Del. Supr., No. 334, 2013 (March 14, 2014) The Delaware Supreme Court today affirmed the Court of Chancery’s decision granting summary judgment to the defendants...[[ This is a content summary only. Visit my website for ...
Judicial Review of Freeze-out Mergers [Published ProfessorBainbridge.com - Mar 15 2014]
From a Richards Layton & Finger client memo: In Kahn, et al. v. M&F Worldwide Corp., et al., No. 334, 2013 (Del. Mar. 14, 2014), the Delaware Supreme Court affirmed the Court of Chancery’s...[[ This is a content summary only. Visit my website for full ...
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