Law360, New York ( December 9, 2014, 8:03 AM EST) -- On Nov. 24, 2014, the Delaware Court of Chancery preliminarily enjoined for 30 days a vote by C&J Energy Services stockholders on a merger with Nabors Red Lion Ltd. to allow time for C&J's board of directors to explore alternative transactions. In a bench ruling in the case, City of Miami General Employees' & Sanitation Employees' Retirement Trust v. C&J Energy Services Inc., Vice Chancellor John Noble concluded that "it is not so clear that the [C&J] board approached this transaction as a sale," with the attendant "engagement that one would expect from a board in the sales process."...
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