AMP INC. v. ALLIEDSIGNAL CORP.

No. 98-2019.

168 F.3d 649 (1999)

AMP INCORPORATED v. ALLIEDSIGNAL CORPORATION; PMA Acquisition Corporation, Appellants.

United States Court of Appeals, Third Circuit.

Decided February 18, 1999.


Attorney(s) appearing for the Case

Jon A. Baughman (argued), Seth A. Abel, Peter O. Clauss, Pepper, Hamilton & Scheetz, Philadelphia, PA; John G. Harkins, Jr., Gay P. Rainville, Eleanor M. Illoway, Harkins Cunningham, Philadelphia, PA, for AMP Incorporated.

Alexander R. Sussman (argued), Fried, Frank, Harris, Shriver & Jacobson, New York, N.Y.; Arlin M. Adams, Schnader, Harrison, Segal & Lewis, Philadelphia, PA; Mary A. McLaughlin, George G. Gordon, Dechert, Price & Rhoads, Philadelphia, PA, for Allied-Signal, Inc. and PMA Acquisition Corp.

BEFORE: GREENBERG, ALITO, and McKEE, Circuit Judges.


OPINION OF THE COURT

GREENBERG, Circuit Judge.

I. INTRODUCTION

AMP Incorporated brought suit under the Pennsylvania Business Corporation Law ("PBCL"), 15 Pa. Cons.Stat. Ann. § 2501 et seq. (West 1995), alleging that 20,000,100 shares of AMP stock acquired by AlliedSignal, Inc., amounting to 9.1% of outstanding AMP stock, are control shares within the meaning of the portion of the PBCL commonly known as the Control Share Acquisitions...

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