The former SourceHOV Holdings Inc., which merged into Exela Technologies Inc. in a complex three-way transaction, will ask Delaware’s top court to undo a judge’s decision raising the amount SourceHOV investors got in the deal by 12%.
The January ruling by Vice Chancellor Joseph R. Slights—who handed a win to equity holders involuntarily bought out in 2017—bucked a trend that’s had Delaware court watchers wondering if appraisal lawsuits asking the Chancery Court to second-guess a deal price are still worth filing.
The case concerns the 2017 tie-up of SourceHOV, competitor Novitex Holding Inc., and Quinpario Acquisition Corp. 2, ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.