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WYLAIN, INC. v. TRE CORP.

Civ. A. No. 6039 (1979).

412 A.2d 338 (1980)

WYLAIN, INC., Plaintiff, And State of Delaware, Intervenor Plaintiff, v. TRE CORPORATION and Trelain Corporation, Defendants.

Court of Chancery of Delaware, New Castle County.

Decided December 14, 1979.

Revised January 31, 1980.

Attorney(s) appearing for the Case

Charles S. Crompton, Jr. and Michael D. Goldman, of Potter, Anderson & Corroon, Wilmington, for plaintiffs.

Don C. Brown, of Dept. of Justice, Wilmington, for intervenor plaintiff.

A. Gilchrist Sparks, III, and Lewis S. Black, Jr., of Morris, Nichols, Arsht & Tunnell, Wilmington, for defendants.

HARTNETT, Vice Chancellor.

Plaintiff-Wylain, Inc. ("Wylain") seeks a preliminary injunction prohibiting defendants-TRE Corporation ("TRE") and Trelain Corporation ("Trelain") from consummating or taking any further action in connection with a cash tender offer made by the defendants for the outstanding shares of common stock of Wylain. It is undisputed that the defendants, in making the tender offer, did not comply with the...

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