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Catching Up With Delaware's Chancery Court

Law 360 M&A

Last week, Delaware justices mulled whether one Chancery Court vice chancellor properly voided four company bylaws — just as another vice chancellor voided one more.

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Chancery Pans 'Farcical' Portrayal Of $5.8B Cornerstone Deal

Law 360 M&A

Exchanges between Clayton Dubilier & Rice LLC and Cornerstone Building Brands, over what ultimately became the private equity firm's $5.8

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Covetrus Investors Say CD&R Took Advantage In $4B Merger

Law 360 M&A

Two pension fund stockholders of animal health company Covetrus Inc. have sued the company's CEO and directors in Delaware's Court of Chancery, alleging that private equity firm and major shareholder Clayton Dubilier & Rice LLC was given unfair advantages when it bought Covetrus in a $21-per-share takeover with TPG Capital.

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Beacon Roofing Will Buy Back $804.5M In Stock From PE Firm

Law 360 M&A

million in preferred stock from private equity firm Clayton Dubilier & Rice LLC that Beacon had sold in exchange for funding to buy a rival company's U.S. Beacon Roofing Supply Inc. on Friday announced an agreement to repurchase $804.5 distribution network.

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Wealth Mgmt. Co. Sued 4x In Del. For $7B CD&R Merger Info

Law 360 M&A

sued the company Thursday in Delaware Chancery Court in four separate complaints seeking information on the company's proposal to go private in a $7 billion merger with private equity company Clayton Dubilier & Rice LLC. A trust and three pension funds with stock in Focus Financial Partners Inc.

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Labaton, Block & Leviton To Steer Suit Over Cornerstone Deal

Law 360 M&A

shareholders in litigation over the company's $5.8 billion acquisition by private equity firm Clayton Dubilier & Rice LLC, saying their leadership application closely edged out another from a four-firm team.

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Cornerstone Shareholder Seeks Docs For CD&R's $5.8B Buy

Law 360 M&A

sued the company for records about its planned $5.8 billion merger with Clayton Dubilier & Rice LLC, asserting that the private equity firm may have manipulated the company into accepting an unfair deal.