Frieda H. RABKIN, Harry Lewis, Eric Emory, Alan Emory, Nancy Emory, Howard Greenwald, Werner Klugman and Samuel Kaufman, Plaintiffs Below, Appellants,
v.
PHILIP A. HUNT CHEMICAL CORPORATION, Olin Corporation, Alfred T. Blomquist, Robert T. Zetena, John M. Henske, John R. Bonniwell, Charles J. Lause, Stephen R. Petschek and George J. Haufler, Defendants Below, Appellees.
Supreme Court of Delaware.https://leagle.com/images/logo.png
Submitted: June 4, 1985.
Decided: September 23, 1985.
Attorney(s) appearing for the Case
Irving Morris (argued) and Norman M. Monhait, of Morris and Rosenthal, P.A., Wilmington; Wolf, Popper, Ross, Wolf & Jones, New York City, of counsel; Garwin, Bronzaft & Gerstein, New York City, of counsel; Lowey, Dannenberg & Knapp, P.C., New York City, of counsel; Tenzer, Greenblatt, Fallon & Kaplan, New York City, of counsel, for appellants.
R. Franklin Balotti (argued) and Karen L. Johnson, Richards, Layton & Finger, Wilmington; Cravath, Swaine & Moore, New York City, of counsel, for appellees Olin Corporation and John M. Henske.
Martin P. Tully and David A. Jenkins, Morris, Nichols, Arsht & Tunnell, Wilmington, for defendants Philip A. Hunt Chemical Corporation, Alfred T. Blomquist and Robert T. Zetena.
Michael Hanrahan, Prickett, Jones, Elliott, Kristol & Schnee, Wilmington; Richard F. Czaja (argued), Arnold S. Jacobs and Lynne M. Fischman, of Shea & Gould, New York City, of counsel, for appellees John R. Bonniwell, Charles J. Lause, Stephen R. Petschek and George J. Haufler.
Before McNEILLY, HORSEY and MOORE, JJ.
Supreme Court of Delaware.
MOORE, Justice.
These consolidated class actions were filed in the Court of Chancery on behalf of the minority stockholders of Philip A. Hunt Chemical Corporation (Hunt), challenging the merger of Hunt with its majority stockholder, Olin Corporation (Olin). For the first time since our decision in Weinberger v. UOP, Inc., Del.Supr., 457 A.2d 701 (1983), we examine the exclusivity...
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