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DYNAMICS CORP. OF AMERICA v. CTS CORP.

Nos. 86-1601, 86-1608.

794 F.2d 250 (1986)

DYNAMICS CORPORATION OF AMERICA, Plaintiff-Appellee, Counterdefendant-Appellee, v. CTS CORPORATION, Defendant-Appellant, Counterplaintiff-Appellant. State of Indiana, Intervenor-Appellant.

United States Court of Appeals, Seventh Circuit.

Opinion May 28, 1986.

Amended June 9, 1986.

Attorney(s) appearing for the Case

Stephen C. Sandels, McDermott, Will & Emery, Chicago, Ill., Authur T. Perry, Atty. Gen. Office, Indianapolis, Ind., for defendant-appellant, counterplaintiff-appellant.

Lowell E. Sachnoff, Sachnoff, Weaver & Rubenstein, Ltd., Chicago, Ill., for plaintiff-appellee, counterdefendant-appellee.

Before BAUER, CUDAHY, and POSNER, Circuit Judges.

POSNER, Circuit Judge.

On March 10 of this year Dynamics Corporation of America, which already owned 9.6 percent of the common stock of CTS Corporation, made a tender offer for another million shares. The offer if accepted would bring its stock holdings up to 27.5 percent of the company. On the same day, Dynamics filed this suit in the federal district court in Chicago; as later amended, the suit sought to enjoin the enforcement of Indiana's statute regulating takeovers...

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