From the Wall St Journal: a Delaware Court of Chancery judge Thursday called conflict allegations "serious" in a shareholder suit seeking to temporarily halt the takeover of El Paso Corp. by Kinder Morgan Inc.
However, Chancellor Leo Strine suggested he was reluctant to step in when shareholders could still veto the deal.
"Shareholders of El Paso can simply say 'It's a shady, stinky deal; I'm not going to do it,"' Chancellor Strine said. He added that he was concerned Kinder Morgan would walk away if he issued an injunction, and he didn't want that on his conscience….
Wait, wait...there's more at http://online.wsj.com/article/SB10001424052970204642604577213593373026980.html?mod=WSJ_business_whatsNews
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