WALSH, Justice. This is an appeal by a plaintiff-shareholder, Alan R. Kahn (“Kahn”), from a decision of the Court of Chancery which approved the purchase by Tremont Corporation (“Tre-mont”) of 7.8 million shares of the Common Stock of NL Industries, Inc. (“NL”). The shares, constituting 15% of NL’s outstanding stock, were purchased from Valhi, Inc. (“Val-hi”), a corporation which was 90 percent owned by a trust for the famil…
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