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Corporate & Securities Law

: BusinessAssociationsBlog.com

Microsoft?s Bid for Yahoo Sparks Race to Courthouse

By Stephen Bainbridge

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Delaware Business Litigation Report: On Monday, February 11th, and Thursday, February 21st, two related class actions were filed in the Court of Chancery against the directors of Yahoo! for breach of fiduciary duties in connection with the offer by Microsoft, made on February 1st, to acquire Yahoo! for $31 per share, a price which reflected a 62 percent premium above the Yahoo! share value at...

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Full post as published by BusinessAssociationsBlog.com on February 22, 2008 (boomark / email).

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