Specific performance Specific performance is usually granted where damages would be an inadequate remedy This is so where the claimant is unable to obtain a substitute because it is in some way unique Hence land or a unique chattel such as a painting are good examples
Coherent (NASDAQ:COHR) traded in a range yesterday that spanned from a low of $194.70 to a high of $199.58. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $196.26...
The merger calls for GTE to acquire Contel by issuing 1.27 shares of its common stock for each share of Contel common stock. It would be a tax-free exchange of shares for Contel shareholders. News of the merger plan sent Contel share prices soaring $7.12 1/2 to $35.12 1/2. GTE, however, lost $1.25 in value to close at $29.75 as investors worried that the takeover would depress its earnings.