By Leah Nylen ( July 12, 2017, 21:02 GMT | Insight) -- Valhi, the parent company of Waste Control Solutions, didn't do enough to seek out reasonable alternative offers to the $367 million bid by WCS's chief rival EnergySolutions, a Delaware federal judge ruled, rejecting an argument by the parties that WCS was a failing firm whose only chance to remain in business was the merger. US District Judge Sue Robertson's opinion, released in redacted form Wednesday, highlights the difficulties companies face in arguing for a merger on the grounds of a "failing firm."Valhi, the parent company of Waste Control Solutions, didn't do enough to seek out reasonable alternative offers to the $367 million bid by WCS's chief rival EnergySolutions, a Delaware federal judge ruled, rejecting an argument by the parties that WCS was a failing firm whose only chance to remain in business was the merger....
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