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CRANE CO. v. HARSCO CORP.

Civ. A. No. 81-30.

511 F.Supp. 294 (1981)

CRANE CO., Plaintiff, v. HARSCO CORPORATION and Richard S. Gebelein, the Attorney General of the State of Delaware, Defendants, and HARSCO CORPORATION, Counterclaim Plaintiff, v. Thomas M. EVANS and Crane Co., Counterclaim Defendants.

United States District Court, D. Delaware.

On Motion For Reargument March 13, 1981.

Attorney(s) appearing for the Case

R. Franklin Balotti, Donald A. Bussard and Samuel A. Nolen of Richard, Layton & Finger, Wilmington, Del., for plaintiff Crane Co.; Fried, Frank, Harris, Shriver & Jacobson, New York City, of counsel.

Rodman Ward, Jr., Stuart L. Shapiro, Stephen P. Lamb and James G. Wiles of Skadden, Arps, Slate, Meagher & Flom, Michael D. Goldman, David B. Brown and Donald J. Wolfe, Jr., of Potter, Anderson & Corroon, Wilmington, Del., for defendant Harsco Corp.; Mudge, Rose, Guthrie & Alexander, New York City, of counsel.

OPINION

CALEB M. WRIGHT, Senior District Judge.

On January 27, 1981 Crane Company ("Crane") commenced a tender offer for approximately 15% of the stock of Harsco Corporation ("Harsco"). This Court denied Harsco's motion to enjoin consummation of this hostile tender offer for alleged violations of federal securities and antitrust laws on February 17, 1981. The tender offer was to have expired on February 25, 1981, but has twice been extended. Crane has now...

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