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SHEFFIELD v. CONSOLIDATED FOODS CORP.

No. 91.

276 S.E.2d 422 (1981)

James R. SHEFFIELD and E. J. Parks, Individually and on Behalf of all Others Similarly Situated v. CONSOLIDATED FOODS CORP. et al.

Supreme Court of North Carolina.

April 7, 1981.

Attorney(s) appearing for the Case

Smith, Moore, Smith, Schell & Hunter by McNeill Smith, Doris R. Bray and Thomas C. Watkins, Greensboro, for plaintiffs-appellants.

Brooks, Pierce, McLendon, Humphrey & Leonard by Hubert Humphrey and Jerry W. Amos, Greensboro, for defendants-appellees.

CARLTON, Justice.

Plaintiffs filed a complaint alleging violation of the North Carolina Tender Offer Disclosure Act, Chapter 78B of the General Statutes, by defendant Consolidated Foods Corporation, a Maryland corporation, in connection with its takeover of Hanes Corporation, formerly a North Carolina corporation.1 The trial court allowed summary judgment for defendants. We hold that the Tender Offer Disclosure Act does not apply to purchases...

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