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Legislation to Avoid Another TransPerfect Sale

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Seven Delaware lawmakers have banded together to come up with a bill that would prevent another TransPerfect company situation in which the company is being sold.

The measure would require the Delaware Court of Chancery to wait three years before such a sale.

The Wilmington News Journal reports that it would also include the appointment of directors to break management deadlocks to avoid a sale.

The measure by state Senator Colin Bonini comes in the wake of a bitter legal battle between the two owners.

The sale will effect more than 35-hundred employees around the world.

Don Rush is the News Director at Delmarva Public Media. An award-winning journalist, Don reports major local issues of the day, from sea level rise, to urban development, to the changing demographics of Delmarva.