Alliance Data v. Blackstone

CONCLUDED

Hearing
10/17/08 – 10/17/08

Summary

This action, brought by Alliance Data Systems Corp., is to determine whether Blackstone Partners need to make good on a $7.8 billion merger promise to a credit card processing company. This suit seeks to compel Blackstone to merge.

Outcome: The Supreme Court of Delaware affirmed the Chancery Court's dismissal.

http://court.state.de.us/opinions/(mxudqr45xexch445nzclrz3l)/download.aspx?ID=123260

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