LINGE v. RALSTON PURINA CO.

No. 63286.

293 N.W.2d 191 (1980)

David E. LINGE and C. Scott Linge d/b/a Linge Investment Company, Appellants, and Joan B. Allender and Central National Bank and Trust Company, Co-Executors of the Estate of Robert B. Allender, Deceased, William S. Blackburn, Steadman-Blackburn Agency, Inc., Koert S. Voorhees, Fred L. Bjornson, Michael G. O'Donnell, d/b/a O'Donnell Realty Company, Peter K. DeJuhasz, Monte R. Toso, James A. O'Brien, R. E. Doerfer, Donald M. Houpt, Arthur C. Meyer, Alfred Tieze, and Don O. Newland, Intervenors-Appellants, v. RALSTON PURINA COMPANY, Keystone International Inc., and Keyworld, Inc., Appellees.

Supreme Court of Iowa.

Rehearing Denied July 11, 1980.


Attorney(s) appearing for the Case

Tom Riley, Lawrence E. Blades and Gregory M. Lederer of Simmons, Perrine, Albright & Ellwood, Cedar Rapids, for appellants.

John J. Greer, Dick H. Montgomery and Richard J. Barry of Greer, Nelson, Bertell, Montgomery & Barry, Spencer, for appellees.

Considered en banc.


McCORMICK, Justice.

A number of former minority shareholders of Keystone International, Inc. (Keystone), seek damages from defendants Ralston Purina Company (Ralston), Keystone, and Keyworld, Inc., a wholly owned subsidiary of Ralston, for alleged wrongs done them in a tender offer and subsequent short-form merger through which Ralston acquired their Keystone stock and merged Keystone into Ralston. The case was tried to the court at law, and the trial court held for...

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