GRAND METROPOLITAN PUBLIC LIMITED COMPANY and Wendell Investments Limited, Plaintiffs,
v.
The PILLSBURY COMPANY, W. Michael Blumenthal, Donald F. Craib, Jr., Allen F. Jacobson, Caro E. Luhrs, Kenneth A. Macke, Willys H. Monroe, John H. Perkins, George S. Pillsbury, Robert A. Schoellhorn, George J. Sella, Jr., Peter G. Wray, Philip L. Smith, William H. Spoor and James W. McLamore, Defendants.
In re the PILLSBURY COMPANY SHAREHOLDERS LITIGATION.
Court of Chancery of Delaware, New Castle County.https://leagle.com/images/logo.png
Submitted: December 12, 1988.
Decided: December 16, 1988.
Attorney(s) appearing for the Case
R. Franklin Balotti, Jesse A. Finkelstein, Gregory V. Varallo, Nathan B. Ploener, Daniel A. Dreisbach, and C. Stephen Bigler, of Richards, Layton & Finger, Wilmington, and Robert S. Rifkind, Max R. Shulman, Stuart W. Gold, Rosemary Q. Barry, Steven B. Fabrizio, Edward Hayum, Leonard H. Hersh, Theresa J. Macellaro, Stephen J. Massey, Lawrence M. Rolnick, William R. Sherman, Carol L. Sipperly, Mark A. Sirota, Peter L. Skolnik, Jen Hersh, George E. Edwards, and Howard H. Wiesenfeld, of Cravath, Swaine & Moore, New York City, for plaintiffs.
Joseph A. Rosenthal, of Morris, Rosenthal, Monhait & Gross, P.A., Wilmington, and Stephen D. Oestreich, of Wolf, Popper, Ross, Wolf & Jones, New York City, Ralph L. Ellis, and Judith L. Spanier, of Abbey & Ellis, New York City; Stull, Stull & Brody, New York City; Curtis V. Trinko, New York City; Bernstein, Litowitz, Berger & Grossman, New York City; Lowey, Dannenberg & Knapp, New York City; Kaufman, Malchman, Kaufman & Kirby, New York City; Goodkind, Wechsler, Labaton & Rudoff, New York City; and Pomerantz, Levy, Haudek, Block & Grossman, New York City, for Shareholder-plaintiffs.
Steven J. Rothschild, Stuart L. Shapiro, Edward P. Welch, Randolph K. Herndon, David J. Margules and John G. Day, of Skadden, Arps, Slate, Meagher & Flom, Wilmington, and A. Gilchrist Sparks, III, Lawrence A. Hamermesh, and Robert J. Valihura, Jr., of Morris, Nichols, Arsht & Tunnell, Wilmington, for defendants.
Court of Chancery of Delaware, New Castle County.
MEMORANDUM OPINION
DUFFY, Justice (Retired)1
Grand Metropolitan Public Limited Company ("Grand Met"), a company incorporated in England, organized in that Country, a wholly owned subsidiary, Wendell Investments Limited ("Wendell"), as a vehicle through which Grand Met seeks to acquire The Pillsbury Company ("Pillsbury"), a Delaware corporation. Grand Met and Wendell are plaintiffs and I will refer to them in the singular as ...
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