STEELE, Chief Justice, HOLLAND and RIDGELY, Justices for the Majority. Booz Allen (“the Company”) redeemed Joseph Nemec’s and Gerd Wittkemper’s stock after their post-retirement put rights expired, but before selling its government business division. Nemec and Wittkemper asserted, and the Chancellor dismissed, claims that the board breached the Company’s Stock Plan’s implied covenant of good faith and fair…
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