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RABKIN v. PHILIP A. HUNT CHEMICAL CORP.

480 A.2d 655 (1984)

Frieda H. RABKIN, Harry Lewis, Eric Emory, Alan Emory, Nancy Emory, Howard Greenwald, Werner Klugman and Samuel Kaufman, Plaintiffs, v. PHILIP A. HUNT CHEMICAL CORPORATION, Olin Corporation, Alfred T. Blomquist, Robert T. Zetena, John M. Henske, George J. Haufler, John R. Bonniwell, Charles J. Lanse and Stephen R. Petschek, Defendants.

Court of Chancery of Delaware, New Castle County.

Decided: July 3, 1984.

Attorney(s) appearing for the Case

Irving Morris and Joseph A. Rosenthal, Morris & Rosenthal, P.A., Wilmington, for plaintiffs.

R. Franklin Balotti and Karen Johnson, Richards, Layton & Finger, Wilmington, for defendants Olin Corp. and John M. Henske.

Martin P. Tully and David A. Jenkins, Morris, Nichols, Arsht & Tunnell, Wilmington, for defendants Philip A. Hunt Chemical Corp., Alfred T. Blomquist and Robert T. Zetena.

Michael Hanrahan and Excetral K. Caldwell, Prickett, Jones, Elliott, Kristol & Schnee, Wilmington, for defendants John R. Bonniwell, Charles J. Lanse, Stephen R. Petschek and George J. Haufler.

BERGER, Vice Chancellor.

These consolidated actions were brought by stockholders of Phillip A. Hunt Chemical Corporation ("Hunt") to enjoin the proposed merger of a wholly owned subsidiary of Olin Corporation ("Olin") with and into Hunt whereby the public stockholders of Hunt will receive $20 per share. Defendants, Hunt, Olin and Hunt's directors (Messrs. Bonniwell, Blomquist, Lanse, Petschek, Zetena, Haufler and Henske) moved to dismiss on various grounds shortly...

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