Andrews Corporate Officers and Directors Liability Litigation Reporter
February 11, 2002
Copyright (c) 2002 Andrews Publications
LET SHAREHOLDERS BE JUDGE OF PARENT'S BUYBACK OFFER, SAYS COURT
In re Aquila Inc. Shareholders Litig.
A Delaware state court judge has refused to enjoin a buyback offer in which UtiliCorp United Inc. will reacquire the publicly held shares of former subsidiary Aquila Inc. that it sold in an initial public offering just eight months ago. He said the...