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TEXAS PARTNERS v. CONROCK CO.

No. 80-5764.

685 F.2d 1116 (1982)

TEXAS PARTNERS, etc., et al., Plaintiffs-Appellants, v. CONROCK CO., etc., et al., Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Decided August 30, 1982.

Attorney(s) appearing for the Case

Frederick P. Furth, Furth, Fahrner, Bluemle & Mason, San Francisco, Cal., for plaintiffs-appellants.

William J. Meeske, Latham & Watkins, John A. Blue, Adams, Duque & Hazeltine, Los Angeles, Cal., argued, for defendants-appellees; David F. Pursel, Charles Griffin Cale, Los Angeles, Cal., on brief.

Before CHAMBERS, KENNEDY and SCHROEDER, Circuit Judges.

KENNEDY, Circuit Judge:

Appellee Conrock Co. is a Delaware Corporation engaged primarily in extracting, processing, and selling rock, sand, and gravel in aggregate form or, with a mixture of cement, as ready-mixed concrete. Appellee California Portland Cement Co. ("CPC"), a cement manufacturer, owns approximately 33.5 percent of Conrock's stock and sells cement to Conrock. In March 1980, Conrock mailed its shareholders a proxy statement in connection with its April...

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