Molex Investor Says $7.2B Koch Deal Cheats Shareholders

Law360, Wilmington (October 1, 2013, 8:40 PM EDT) -- A Molex Inc. investor filed a putative class action in Delaware court Monday seeking to halt the company's proposed $7.2 billion merger with Koch Industries Inc., arguing the deal was designed to be all but a sure thing and shortchange shareholders in the process.

The George Leon Family Trust contends that several Molex board members breached their fiduciary duties by agreeing to a deal that has too many provisions that lock out any alternative buyer from coming along, and accuses the company of putting out “false...
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