We accepted this expedited interlocutory appeal from a decision of the Court of Chancery, denying a preliminary injunction to plaintiffs, in order to address certain defensive maneuvers taken in a battle for the control of Newmont Mining Corporation ("Newmont"), one of the largest gold producers in North America. In an attempt to block a hostile tender offer by Ivanhoe Partners and Ivanhoe Acquisition
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IVANHOE PARTNERS v. NEWMONT MIN. CORP.
535 A.2d 1334 (1987)
IVANHOE PARTNERS, a Texas general partnership, et al., Plaintiffs Below, Appellants, v. NEWMONT MINING CORPORATION, a Delaware corporation, et al., Defendants Below, Appellees. In re NEWMONT MINING CORP. SHAREHOLDERS LITIGATION.
Supreme Court of Delaware.https://leagle.com/images/logo.png
Submitted: November 4, 1987.
Decided: November 18, 1987.
Attorney(s) appearing for the Case
Charles F. Richards, Jr. (argued), William J. Wade, Samuel A. Nolen, Thomas A. Beck, Gregory P. Williams, C. Stephen Bigler, Anne F. Bugg and Cynthia D. Kaiser, of Richards, Layton & Finger, Wilmington, for appellant Ivanhoe Partners.
Norman M. Monhait, of Morris, Rosenthal, Monhait & Gross, Wilmington, Robert A. Skirnick (argued) and John Halebian, of Wolf Popper Ross Wolf & Jones, and Robert A. Wallner, of Milberg Weiss Bershad Specthrie & Lerach, New York City, for appellant Shareholders.
Michael D. Goldman, Charles S. Crompton, Jr., Donald J. Wolfe, Jr. and Richard L. Horowitz, of Potter, Anderson & Corroon, Wilmington, Bernard W. Nussbaum (argued) and Paul K. Rowe, of Wachtell, Lipton, Rosen & Katz, and John J. McNally and Richard J. Holwell, of White & Case, New York City, of counsel, for appellees Newmont Min. Corp. and its directors.
John H. Hall, of Debevoise & Plimpton, New York City, for appellees Independent Directors of Newmont Min. Corp.
A. Gilchrist Sparks, III, Lawrence A. Hamermesh and Kenneth Nachbar, of Morris, Nichols, Arsht & Tunnell, Wilmington, Lewis A. Kaplan (argued), Moses Silverman, Colleen McMahon, Abby Jennis and Clyde Allison, of Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for appellees Consol. Gold Fields PLC, Gold Fields American Corp. and The Special Purpose, Inc.
Rodman Ward, Jr. and Edward P. Welch, of Skadden, Arps, Slate, Meagher & Flom, Wilmington, for intervenor The First Boston Corp.
Donald Elihu Evans, of Bryde, Ament & Evans, Wilmington, for intervenors the New York Stock Exchange and the Nat. Securities Clearing Corp.
Before CHRISTIE, C.J., MOORE, J., and BIFFERATO, Judge (sitting by designation pursuant to Del. Const., Art. IV, § 12).
Supreme Court of Delaware.
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