Blue Ocean Can Buy Beam Telepresence Tech Despite Price Concern

Blue Ocean Robotics can proceed with its $400,000 acquisition of Suitable Technologies Inc.'s Beam teleconference technology after a Delaware judge rejected an attempt by the estranged wife of Suitable’s CEO to halt the deal.

Delaware Chancery Court Vice Chancellor J. Travis Laster said granting an injunction could jeopardize Blue Ocean’s contract rights. There’s no probability of irreparable harm and any damage from the deal could be awarded later, he said. The couple’s divorce proceedings also complicate the case, he said.

“They are probably playing three-dimensional chess and I am not aware of all the pressure points between them,” Laster said ...