In In re Volcano Corp. Stockholder Litig., C.A. No. 10485-VCMR (Del. Ch. June 30, 2016), the Delaware Court of Chancery held that when a fully informed, uncoerced, disinterested majority in voting power of a target's stockholders tendered their shares in a two-step tender offer, the business judgment rule irrebuttably insulated the transaction from challenge on any grounds other than waste. In so finding, the court extended recent Delaware rulings addressing the cleansing effect of a fully informed, uncoerced stockholder vote on a merger agreement to stockholder acceptance of a tender offer pursuant to a two-step acquisition completed under Section 251(h) of the General Corporation Law of the State of Delaware (the DGCL).