Murex Shareholders Want Records To Determine Stock Value
Law360 (November 9, 2018, 6:54 PM EST) -- Two of Murex Petroleum Corp.'s shareholders are asking the Delaware Chancery Court to order the company to turn over records they claim they need to determine the current value of their stock.
In a complaint filed Friday, shareholders Julie and Donald Kessel, who currently hold roughly 37 percent of the company's privately held stock, said they have been refused access to certain records because of Murex's disagreement with their "chosen method of stock valuation."
Although the company has turned over some records since their initial request in March to inspect documents per Section 220 of Delaware Corporation Law, the Kessels said...
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