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Court Refuses To Delay Vote On HCA Deal

Law360 (October 27, 2006, 12:00 AM EDT) -- A Tennessee chancery court has declined to postpone a shareholder vote on the leveraged buyout bid for Nashville-based HCA Inc. that investors claimed could have threatened the $21.3 billion deal. The vote is slated for Nov. 16.

At least six groups attempted to thwart the buyout of HCA, the biggest for-profit hospital chain in the United States. They alleged that HCA’s board of directors did not pay shareholders enough under the deal. They asked for more time to comb through the more than 1 million documents...
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