[Download] "Tyco Laboratories Inc. v. Koppers Co." by Seventh Circuit United States Court of Appeals * eBook PDF Kindle ePub Free

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eBook details

• Title: Tyco Laboratories Inc. v. Koppers Co.
• Author : Seventh Circuit United States Court of Appeals
• Release Date : January 31, 1980
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 60 KB

Description

Defendant Koppers Company, Inc. (Koppers) has appealed from the trial courts order dismissing this action upon plaintiff Tycos Motion for Voluntary Dismissal filed pursuant to Rule 41(a)(2). Briefly, this action is one of many stemming from the efforts of competing investors to acquire Cutler-Hammer, Inc., through the purchase of its stock. After plaintiff Tyco had acquired a substantial equity interest in Cutler-Hammer through stock purchases in the open market, Cutler-Hammer allegedly negotiated a "friendly" sale of a special issue of stock to Koppers, in order to enable itself to defend against any attempted takeover bid. Simultaneously, Cutler-Hammer also commenced an action against Tyco, seeking to enjoin it from continuing to purchase Cutler-Hammer stock, on the theory that such purchases constituted an unlawful tender offer. A temporary restraining order was issued in that action on April 12, 1978.

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