Bbc Acquisition v. Durr-Fillauer Medical Inc., De Ct. Of Chancer

623 A.2d 85 (1992)

Purchase the Printed Copy at bsmsphd.com

Nature of the Case

To access this section all you need to do is click here and register.

Facts

BBC Acquisition (P) is a wholly owned subsidiary of Bergen Brunswig Corp., a corporation formed to implement Bergen's bid to acquire Durr-Fillauer Medical Inc. (D). D had agreed to be acquired by Cardinal Distribution, Inc. and P launched a competing bid. P purchased 100 shares and then offered $26 per share for the remaining shares, an amount greater than Cardinal's offer. P made a demand to inspect the stockholder list and certain books and records. D refused to allow P to inspect the books, records and other documents previously furnished to Cardinal in connection with their agreement. Cardinal increased its offer and P refused to match it without access to the same information.