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493 A.2d 946 *; 1985 Del. LEXIS 482 **; Fed. Sec. L. Rep. (CCH) P92,077
UNOCAL CORPORATION, a Delaware corporation, Defendant Below, Appellant, v. MESA PETROLEUM CO., a Delaware corporation, MESA ASSET CO., a Delaware corporation, MESA EASTERN, INC., a Delaware corporation, and MESA PARTNERS II, a Texas partnership, Plaintiffs Below, Appellees
Prior History: [**1] Oral Decision May 17, 1985. Upon appeal from the Court of Chancery.
Disposition: REVERSED. Preliminary injunction VACATED.
tender offer, stockholders, shareholders, stock, shares, takeover, Merger, good faith, business judgment rule, coercive, two-tier, defeat, corporate enterprise, per share, raider, target, greenmail, bid, preliminary injunction, board of directors, fiduciary duty, best interest, trial court, presentation, contends, parties, oppose, director of a corporation, business judgment, subordinated
Business & Corporate Law, Directors & Officers, Management Duties & Liabilities, General Overview, Civil Procedure, Appeals, Standards of Review, Mergers & Acquisitions Law, Mergers, Duties & Liabilities of Directors & Officers, Corporations, Corporate Finance, Corporate Ownership of Stock, Corporate Existence, Powers & Purpose, Powers, Fiduciary Duties, Business Judgment Rule, Takeovers & Tender Offers, Defenses, Takeovers & Tender Offers, Shareholders, Shareholder Duties & Liabilities, Duty of Loyalty, Terms in Office, Removal & Resignation, Evidence, Burdens of Proof, Duty of Care, Governments, Fiduciaries, Scope of Authority, Discretion, Dividends & Reacquisition of Shares, Cancellation & Redemption, Causes of Action, Fraud & Misrepresentation