DELAWARE COURT OF CHANCERY

Frank v. Elgamal, DeFAX Case No. D66228 (Del. Ch. March 10, 2014) Noble, V.C. (95 pages).

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The Court of Chancery was unable to determine whether the allocation of consideration paid in the challenged merger was subject to the entire fairness standard of review because there were issues of material fact as to whether the group of majority stockholders constituted a control group and whether the special committee reviewing the merger was fully functioning and fully informed.

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