The WSJ reports that the Delaware chancery court rejected United Rental Inc.’s bid to force Cerberus to consummate a $4 billion buy-out.

Blawgletter doesn’t have the details, but we imagine that Chancellor William Chandler shared our doubts about URI’s case.  We "wonder[ed] whether [URI’s] lawyers read section 8.2(e) of the Agreement and Plan of Merger before suing the fictional canine’s namesake [Cerberus] in Delaware."  Terminating a Merger, Doggie Style.

Apparently His Honor read section 8.2(e) and wondered too.

Barry Barnett

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