W. R. GRACE & CO. v. HARGADINE

Nos. 17518, 17519 and 17520.

17 Ohio Misc. 199 (1968)

W. R. GRACE & Co., APPELLANT, v. HARGADINE, APPELLEE. W. R. GRACE & Co., APPELLEE, v. INTERCONTINENTAL CHEMICAL CORPORATION, ET AL., APPELLANTS. W. R. GRACE & Co., APPELLANT, v. HARGADINE, ET AL., APPELLEES.

United States Court of Appeals, Sixth Circuit.

Decided March 27, 1968.


Attorney(s) appearing for the Case

Mr. Robert T. Keeler, Mr. L. Clifford Craig, Mr. Thomas D. Heekin and Messrs. Taft, Stettinius & Hollister, for plaintiff.

Mr. John S. Stith, Mr. James G. Headley and Messrs. Frost & Jacobs, for defendants.

Before O'SULLIVAN, EDWARDS and COMBS, Circuit Judges.


EDWARDS,

Circuit Judge. These appeals record the bitter struggle which ensued when one industrial giant (W. R. Grace & Co.) sought first to merge with and then to purchase all the assets of another company (DuBois Chemicals, Inc.). The merger was defeated by the fact that two-thirds of DuBois' stockholders failed to approve it. The purchase was finally accomplished with the approval of a majority of the stockholders...

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