Case Law Summaries

Delaware – Appraisal Rights

DelawareCity of North Miami Beach General Employees’ Retirement Plan v. Dr Pepper Snapple Group, Inc., No. 0227, decided 6/1/18. The Delaware Chancery Court held that the stockholders of the parent corporation of a subsidiary involved in a merger were not entitled to appraisal rights under Sec. 262 of the General Corporation Law because the parent was not a constituent to the merger and the stockholders were not relinquishing their stock.

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