MILLS ACQUISITION CO. v. MACMILLAN, INC.


559 A.2d 1261 (1988)

MILLS ACQUISITION CO., a Delaware Corporation, et al., Plaintiffs Below, Appellants, v. MACMILLAN, INC., a Delaware Corporation, et al., Defendants Below, Appellees.

Supreme Court of Delaware.

Oral Decision: November 2, 1988.

Written Opinion: May 3, 1989.


Attorney(s) appearing for the Case

Rodman Ward, Jr. (argued), Keith R. Sattesahn, and Andre G. Bouchard, of Skadden, Arps, Slate, Meagher & Flom, Wilmington, Stuart L. Shapiro, of Skadden, Arps, Slate, Meagher & Flom, New York City, of Counsel, Thomas J. Doubherty, George J. Skelly, and Dennis M. Kelleher, of Skadden, Arps, Slate, Meagher & Flom, Boston, Mass., of counsel, for appellants.

Joseph A. Rosenthal, of Morris, Rosenthal, Monhait & Gross, P.A., Wilmington, Richard Bemporad (argued), of Lowey, Dannenberg & Knapp, P.C., New York City, of counsel, Wolf, Popper, Ross, Wolf & Jones, New York City, of counsel; Ronald Litowitz, of Bernstein, Litowitz, Berger & Grossman, New York City, of counsel, for appellants.

A. Gilchrist Sparks, III (argued), and Lawrence A. Hamermesh, Esquire, of Morris, Nichols, Arsht & Tunnell, Wilmington, Bernard W. Nussbaum, of Wachtell, Lipton, Rosen & Katz, New York City, of counsel, for appellees.

E. Norman Veasey, R. Franklin Balotti, Esquire, and Nathan B. Ploener, of Richards, Layton & Finger, Wilmington, Dennis J. Block (argued), Greg A. Danilow, Richard L. Levine, David J. Berger, and Timothy B. Parlin, of Weil, Gotshal & Manges, New York City, of counsel, for appellees.

Robert K. Payson, and Michael D. Goldman, of Potter, Anderson & Corroon, Wilmington, Charles E. Koob (argued), Mark G. Cunha, Gregory A. Ritter, Nicholas Even, and Michael Isby, of Simpson, Thacher & Bartlett, New York City, of counsel, for appellees.

Before CHRISTIE, C.J., MOORE and HOLLAND, JJ.


MOORE, Justice.

In this interlocutory appeal from the Court of Chancery, we review the denial of injunctive relief to Mills Acquisition Co., a Delaware corporation, and its affiliates Tendclass Limited and Maxwell Communications Corp., PLC, both United Kingdom corporations substantially controlled by Robert Maxwell.1 Plaintiffs sought control of Macmillan, Inc. ("Macmillan" or the "company")...

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