SANTA FE INDUSTRIES, INC. v. GREEN

No. 75-1753.

430 U.S. 462 (1977)

SANTA FE INDUSTRIES, INC., ET AL. v. GREEN ET AL.

Supreme Court of United States.

Decided March 23, 1977.


Attorney(s) appearing for the Case

William R. Glendon argued the cause for petitioners. With him on the briefs were Robert D. Larsen and Guy C. Quinlan.

Sidney Bender argued the cause for respondents. With him on the brief was Aaron Lewittes.


MR. JUSTICE WHITE delivered the opinion of the Court.

The issue in this case involves the reach and coverage of § 10 (b) of the Securities Exchange Act of 1934 and Rule 10b-51 thereunder in the context of a Delaware short-form merger transaction used by the majority stockholder of a corporation to eliminate the minority interest.

I

In 1936, petitioner Santa Fe Industries...

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