Entire Fairness, Revlon Standards When Control Group Is Involved
In a recent opinion granting in part and denying in part a motion for summary judgment, Vice Chancellor John W. Noble provided guidance in Frank v. Elgamal, 2014 Del. Ch. LEXIS 37 (Del. Ch. Mar. 10, 2014), on what constitutes a control group in the context of a merger transaction and how the entire fairness and Revlon standards apply when there is a control group.