Cleary Gottlieb Discusses Delaware Decision on Conversion of Company into Nevada Corporation
Reynolds Holding
MARCH 3, 2024
On February 20, the Delaware Court of Chancery refused to enjoin the conversion of a Delaware corporation, TripAdvisor, Inc. Maffei , stockholders of TripAdvisor challenged the proposed conversion by TripAdvisor and its parent company (“Holdings”) into Nevada corporations. 3] See In re Sears Hometown & Outlet Stores, Inc.
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