CapitalSource Investor Wants $2.3B PacWest Merger Blocked
Filed in Delaware Chancery Court, the complaint accuses CapitalSource's nine-member board of breaching its fiduciary duty by approving a transaction that ignores the best interests of shareholders.
“The merger consideration is insufficient and fails to account for the company’s remarkable growth and significant cash reserves,” shareholder John Fosket said.
Announced July 22, the proposed merger...
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