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NORTHWEST INDUSTRIES, INC. v. B. F. GOODRICH COMPANY

No. 69 C 319.

301 F.Supp. 706 (1969)

NORTHWEST INDUSTRIES, INC., Plaintiff, v. The B. F. GOODRICH COMPANY et al., Defendants.

United States District Court N. D. Illinois, E. D.

February 27, 1969.

Attorney(s) appearing for the Case

Albert E. Jenner, Jr., and Samuel W. Block, Jenner & Block, Chicago, Ill., for plaintiff.

James E. Hastings, Chadwell, Keck, Kayser, Ruggles & McLaren, Chicago, Ill., and David Hartfield, Jr., White & Case, New York City, for defendants.

MEMORANDUM OPINION

DECKER, District Judge.

Goodrich-Gulf Chemicals, Inc. ("Chemicals") is a joint venture of B. F. Goodrich Company and Gulf Oil Corporation, each partner having 50% of its stock. During 1965 Goodrich and Gulf seriously considered having one company buy out the other, but they could not agree on the price. On January 20, 1969, however, Northwest Industries announced its intention to make a tender offer for Goodrich and Gulf then reconsidered...

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