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VERNON J. ROCKLER & CO., INC. v. MINNEAPOLIS SHAREHOLDERS CO.

Civ. No. 4-75-366.

425 F.Supp. 145 (1977)

VERNON J. ROCKLER AND CO., INC., a Minnesota Corporation, and Vernon J. Rockler, as Trustee of the Vernon J. Rockler and Co., Inc. Profit Sharing Trust v. MINNEAPOLIS SHAREHOLDERS COMPANY, a Minnesota Corporation, et al.

United States District Court, D. Minnesota, Fourth Division.

January 13, 1977.

Attorney(s) appearing for the Case

Stephen C. Davis, Dorfman, Katz, Taube, Lange & Davis, Minneapolis, Minn., Richard F. Watt and Russell Woody, Cotton, Watt, Jones, King & Bowlus, Chicago, Ill., for plaintiffs.

Stuart W. Rider, Jr., William J. George, and Timothy R. Thornton, Rider, Bennett, Egan, Johnson & Arundel, Minneapolis, Minn., for Minneapolis Shareholders, Inc.

Hyman Edelman and Charles Quaintance, Jr., Maslon, Kaplan, Edelman, Borman, Brand & McNulty, Minneapolis, Minn., for all individual defendants other than Jacobs and Finkelstein.

Robert V. Atmore and Nadine Strossen, Lindquist & Vennum, Minneapolis, Minn., for Irwin Jacobs and Grain Belt Breweries, Inc.

Samuel D. Finkelstein, Minneapolis, Minn., for Hyman Finkelstein.

MEMORANDUM AND ORDER

DEVITT, Chief Judge.

Minneapolis Shareholders, Inc. (the Company), a nonoperating corporation composed of the former shareholders of Grain Belt Breweries, Inc., seeks to preliminarily enjoin its largest shareholder, Irwin L. Jacobs, from proceeding with a tender offer directed to the other shareholders of the Company. Jacobs offers $5.30 in exchange for the tender of a share and the tendering shareholder's release of any claims he or...

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