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
