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Chancery Rejects 'Ethereal' Steel Connect Settlement

By Leslie A. Pappas ( September 23, 2022, 8:31 PM EDT) -- A Delaware court on Friday rejected a revised settlement to a Steel Connect Inc. shareholders' lawsuit challenging the logistics company's $476 million purchase of corporate marketing firm IWCO Direct in 2017, leaving Steel Connect shareholders with uncertainty as they head into a vote next week to take the company private. . . .

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