Delaware Supreme Court Affirms "KKR," Lowers Standard of Review from Enhanced Scrutiny to Business Judgment when Merger Approved by Fully Informed Stockholder Vote | Practical Law
The Delaware Supreme Court affirmed the Court of Chancery's opinion in In re KKR Financial Holdings LLC that the presumptions of the business judgment rule apply to the court's review of a merger when a fully informed majority of the disinterested stockholders have approved the transaction.