Chancery Finds Flaws In $11B Regency Merger Process

By Rose Krebs (October 29, 2019, 5:13 PM EDT) -- Delaware's Chancery Court granted partial early judgment Tuesday for a unitholder who filed a class suit against natural gas company Regency claiming its board knew an $11 billion merger with Energy Transfer Partners LP was not in its best interests, ruling that Regency did not satisfy "safe harbor" provisions that could protect the transaction from claims....

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