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Chancery Asked To Dismiss $1.2B Volcano Merger Challenge

By Jeff Montgomery (March 15, 2016, 10:10 PM EDT) -- A shareholders challenge to Royal Philips' $1.2 billion purchase of medical device maker Volcano Corp. in 2014 should be dismissed because the suit fails to support claims of conflict of interest or fiduciary breaches, the merged company told a Delaware vice chancellor Tuesday....

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