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COLLINS v. S. E. C.

Nos. 75-1100, 75-1262 and 75-1263.

532 F.2d 584 (1976)

Richard J. COLLINS, Jr., Petitioner, v. SECURITIES AND EXCHANGE COMMISSION, Respondent. Lewis C. MURTAUGH, Trustee for Emanuel and Helen Steib, Under Declaration of Trust Dated 8/30/56, Petitioner, v. SECURITIES AND EXCHANGE COMMISSION, Respondent.

United States Court of Appeals, Eighth Circuit.

Decided January 23, 1976.

Rehearing and Rehearing Denied February 26, 1976.

Attorney(s) appearing for the Case

Richard J. Collins, Jr., St. Louis, Mo., and Lewis C. Murtaugh, Chicago, Ill., for petitioners.

David Ferber, Securities & Exchange Commission, Washington, D. C., for respondent.

Daniel M. Gribbon, Covington & Burling, Washington, D. C., for intervenor du Pont.

Matthew J. Broderick, Philadelphia, Pa., for intervenor, Christiana.

Before HEANEY, and STEPHENSON, Circuit Judges, and TALBOT SMITH, Senior District Judge.

Rehearing and Rehearing En Banc Denied February 26, 1976.

HEANEY, Circuit Judge.

We review an order of the Securities and Exchange Commission exempting from the prohibition of § 17(a) of the Investment Company Act of 1940, 15 U.S.C. § 80a-1 et seq., the proposed merger of Christiana Securities Company into E. I. du Pont de Nemours and Company. The Commission granted the exemption after finding the merger terms to be reasonable and fair and...

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