We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Chancery Tosses Challenge To $125M Synutra Buyout

Law360 (February 2, 2018, 9:34 PM EST) -- A Delaware Chancery judge on Friday threw out a shareholder lawsuit challenging Beams Power Investment Ltd.’s $125 million buyout of baby formula maker Synutra International Inc., ruling that the suing stockholders did not make a strong enough case to indicate the deal violated laws related to controlling-party takeovers.

In a 14-page order, Vice Chancellor J. Travis Laster found that the suing shareholders didn’t plead allegations to show the deal didn’t follow the framework laid out in the Kahn v. M&F Worldwide Corp. case, commonly called MFW,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.