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Story summary
- Endeavor and Silver Lake asked a Delaware judge to block Carl Icahn’s firm for alleged collusion.
- Icahn’s firm faces a Delaware lawsuit alleging arbitrage collusion with Pentwater and Troluce.
- Dozens of investment firms filed appraisal actions in Delaware Chancery Court in 2025, creating the state’s largest effort.
- Silver Lake and Endeavor argue appraisal should serve a single shareholder, not become a tradable strategy.
- Troluce CEO Jared Dubin said his firm will vigorously pursue statutory rights, claiming merger consideration undervalues assets.