Marilyn JEDWAB, Plaintiff,
v.
MGM GRAND HOTELS, INC., Tracinda Corporation, Kirk Kerkorian, James D. Aljian, Alvin Benedict, Fred Benninger, Barrie K. Brunet, Cary Grant, Peter M. Kennedy, Frank E. Rosenfelt, Bernard J. Rothkopf, Walter M. Sharp, Robert Van Buren, Bally Manufacturing Corporation, and Bally Manufacturing Corporation International, Defendants.
Court of Chancery of Delaware, New Castle County.https://leagle.com/images/logo.png
Submitted: March 31, 1986.
Decided: April 11, 1986.
Attorney(s) appearing for the Case
William Prickett and Michael J. Hanrahan or Prickett, Jones, Elliott, Kristol & Schnee, Wilmington, and Ronald Litowitz of Bernstein, Litowitz, Berger & Grossman, New York City, for plaintiff.
Henry N. Herndon, Jr., Esquire, Edward M. McNally, Esquire, and Mary M. Johnston, Esquire, of Morris, James, Hitchens and Williams, Wilmington, and Christina A. Snyder, Esquire, of Wyman, Bautzer, Rothman, Kuchel & Silbert, California, Attorneys for defendants MGM Grand Hotels, Inc., James D. Aljian, Barrie K. Brunet, Cary Grant, Frank E. Rosenfelt, Bernard J. Rothkopf and Walter M. Sharp.
Robert K. Payson, Donald J. Wolfe, Jr., and John E. James of Potter, Anderson & Corroon, Wilmington, for defendants Alvin Benedict, Peter M. Kennedy and Robert Van Buren.
Allen M. Terrell, Jr., of Richards, Layton & Finger, Wilmington, for defendant Fred Benninger.
Stephen J. Rothschild of Skadden, Arps, Slate, Meagher & Flom, Wilmington, for defendants Bally Mfg. Corp. and Bally Mfg. Corp. Inter.
Court of Chancery of Delaware, New Castle County.
OPINION
ALLEN, Chancellor.
MGM Grand Hotels, Inc., a Delaware corporation ("MGM Grand" or the "Company") that owns and operates resort hotels and gaming establishments in Las Vegas and Reno, Nevada, has entered into an agreement with Bally Manufacturing Corporation, also a Delaware corporation, ("Bally") contemplating a merger between a Bally subsidiary and the Company. On the effectuation of such merger, all classes...
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