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ACE LTD. v. CAPITAL RE CORP.

Civil Action No. 17488.

747 A.2d 95 (1999)

ACE LIMITED, a Cayman Islands limited liability company, Plaintiff, v. CAPITAL RE CORPORATION, a Delaware Corporation, Defendant.

Court of Chancery of Delaware, New Castle County.

Decided: October 25, 1999.

Revised: October 28, 1999.

Attorney(s) appearing for the Case

Gregory P. Williams, Robert J. Stearn, Jr., Megan Semple Greenberg, of Richards, Layton & Finger, Wilmington, Delaware, for Plaintiffs.

Kenneth J. Nachbar, of Morris, Nichols, Arsht & Tunnell, Wilmington, Delaware, for Defendants.

OPINION

STRINE, Vice Chancellor.

Plaintiff ACE Limited ("ACE") has filed a motion requesting a temporary restraining order ("TRO") against defendant Capital Re Corporation ("Capital Re"). ACE requests that I issue an order that restrains Capital Re from taking any action to terminate the June 10, 1999 Agreement and Plan of Merger between and among ACE, Capital Re, and CapRe Acquisition Corporation (the "Merger Agreement...

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