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SOUTHDOWN, INC. v. MOORE McCORMACK RESOURCES, INC.

Civ. A. No. H-88-557.

686 F.Supp. 595 (1988)

SOUTHDOWN, INC., and SDW, Inc., Plaintiffs, v. MOORE McCORMACK RESOURCES, INC., and Paul R. Tregurtha, Defendants.

United States District Court, S.D. Texas, Houston Division.

April 4, 1988.

Attorney(s) appearing for the Case

J. Clifford Gunter, III, Jim L. Flegle, Jr., BRACEWELL & PATTERSON, Houston, Tex., for plaintiffs.

Richard H. Caldwell, Gerald L. Bracht, MAYOR, DAY & CALDWELL, Houston, Tex., for defendants.

MEMORANDUM ON THE PRELIMINARY INJUNCTION

HUGHES, District Judge.

In late February, Southdown, through a subsidiary, announced to the public an offer to purchase all the shares of Moore McCormack Resources for $31 a share. Before Moore McCormack could respond, the open market for the shares had risen to about $35 per share. Southdown raised its offer to $35 per share simultaneously with Moore McCormack's management announcing that the initial offer was grossly...

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