© 2020 Thomson Reuters. No Claim to Original U.S. Government Works. 1 AB STABLE VIII LLC, Plaintiff/Counterclaim-Defendant, V...., Not Reported in Atl
AB STABLE VIII LLC, Plaintiff/Counterclaim-Defendant, v...., Not Reported in Atl.... 2020 WL 7024929 Only the Westlaw citation is currently available. MEMORANDUM OPINION UNPUBLISHED OPINION. CHECK *1 AB Stable VIII LLC (“Seller”) is an indirect subsidiary COURT RULES BEFORE CITING. of Dajia Insurance Group, Ltd. (“Dajia”), a corporation organized under the law of the People's Republic of China. Court of Chancery of Delaware. Dajia is the successor to Anbang Insurance Group., Ltd. (“Anbang”), which was also a corporation organized under AB STABLE VIII LLC, Plaintiff/ the law of the People's Republic of China. For simplicity, Counterclaim-Defendant, and because Anbang was the pertinent entity for much of v. the relevant period, this decision refers to both companies as MAPS HOTELS AND RESORTS ONE LLC, “Anbang.” MIRAE ASSET CAPITAL CO., LTD., MIRAE ASSET DAEWOO CO., LTD., MIRAE ASSET Through Seller, Anbang owns all of the member interests in GLOBAL INVESTMENTS, CO., LTD., and Strategic Hotels & Resorts LLC (“Strategic,” “SHR,” or the MIRAE ASSET LIFE INSURANCE CO., “Company”), a Delaware limited liability company. Strategic in turn owns all of the member interests in fifteen limited LTD., Defendants/Counterclaim-Plaintiffs. liability companies, each of which owns a luxury hotel. C.A. No. 2020-0310-JTL | Under a Sale and Purchase Agreement dated September 10, Date Submitted: October 28, 2020 2019 (the “Sale Agreement” or “SA”), Seller agreed to sell | all of the member interests in Strategic to MAPS Hotel and Date Decided: November 30, 2020 Resorts One LLC (“Buyer”) for a total purchase price of $5.8 billion (the “Transaction”).
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