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FOURTH NAT'L BANK & TRUST CO. v. MOBIL OIL CORP.

No. 48,724

224 Kan. 347 (1978)

582 P.2d 236

THE FOURTH NATIONAL BANK AND TRUST COMPANY, WICHITA, Appellee, v. MOBIL OIL CORPORATION, Appellant.

Supreme Court of Kansas.

Opinion filed July 15, 1978.

Attorney(s) appearing for the Case

Robert J. Roth, of Hershberger, Patterson, Jones & Roth, of Wichita, argued the cause and Louis Hering, of Mobil Oil Corporation, of New York, New York, and Richard Jones, of Hershberger, Patterson, Jones & Roth, of Wichita, were with him on the brief for appellant.

Jerry G. Elliott, of Foulston, Siefkin, Powers & Eberhardt, of Wichita, argued the cause and James M. Armstrong, of the same firm, was with him on the brief for appellee.

The opinion of the court was delivered by

HOLMES, J.:

This was an action by The Fourth National Bank and Trust Company, Wichita (the Fourth), appellee, against Mobil Oil Corporation (Mobil), defendant-appellant, for damages based upon Mobil's refusal to purchase certain shares of stock of Marcor, Inc. (Marcor), pursuant to a written tender offer made by Mobil. The case was submitted on an agreed stipulation of facts and the Fourth was granted judgment for...

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