Courts and Mergers, Closed or Not

If one company wants to acquire another or the companies want to merge, the parties must now expect a court hearing and a certification from a judge is required to close.  Now if one party wants to call off a merger, it must seek a court hearing and ask permission.  Hexion wants to call off an acquisition of Huntsman so it filed with the Delaware Chancery Court to ask permission to do so.  Our Courts have become a de facto certification agent for all acquisitions. Those who like courts and distrust corporate executives will cheer; those who wonder about the competency of judges will not.