Guest MJ1 Posted December 6, 2010 Posted December 6, 2010 Anyone know of a case standing for the proposition that ESOP fiduciaries may incidentally benefit from a merger transaction, provided that it resulted from acting solely in the interest of participants & beneficiaries? There are a few cases citing the ESOP's legislative history as indicating that ESOPs also serve as corporate finance vehicles, etc. Anyone know of a case discussing this in the context of a transaction in which an ESOP is used to acquire another company?
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