Louis S. Gimbel v. Signal Companies Book Reviews
Louis S. Gimbel v. Signal Companies by New Castle Court of Chancery of Delaware Book Summary
QUILLEN, Chancellor: This action was commenced on December 24, 1973 by plaintiff, a stockholder of the Signal Companies, Inc. (Signal). The complaint seeks, among other things, injunctive relief to prevent the consummation of the pending sale by Signal to Burmah Oil Incorporated (Burmah) of all of the outstanding capital stock of Signal Oil and Gas Company (Signal Oil), a wholly-owned subsidiary of Signal. 1 The effective sale price exceeds 480 million dollars.* The agreement provides that the transaction will be consummated on January 15, 1974 or upon the obtaining of the necessary governmental consents, whichever occurs later, but, in no event, after February 15, 1974 unless mutually agreed. The consents evidently have been obtained. On Monday, December 24, 1973, on the occasion of the plaintiff's application for a temporary restraining order, counsel for Signal and Signal Oil reported to this Court that the parties would not consummate this transaction prior to this Court's decision on the plaintiff's application for a preliminary injunction or January 15, 1974, whichever should occur first.
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| Book Name | Louis S. Gimbel v. Signal Companies |
| Genre | Law |
| Author | New Castle Court of Chancery of Delaware |
| Published | 10 January 1974, Thursday |
| Language | English |
| E-Book Size | 81.79 KB |
Louis S. Gimbel v. Signal Companies (New Castle Court of Chancery of Delaware) Book Reviews 2024
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Summary of Louis S. Gimbel v. Signal Companies by New Castle Court of Chancery of Delaware
The Louis S. Gimbel v. Signal Companies book written by New Castle Court of Chancery of Delaware was published on 10 January 1974, Thursday in the Law category. A total of 12 readers of the book gave the book 0 points out of 5.
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