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HONEYWELL INTERN. v. AIR PRODUCTS & CHEM.

No. Civ.A. 20434.

858 A.2d 392 (2004)

HONEYWELL INTERNATIONAL INC. and GEM Microelectronic Materials, L.L.C., Plaintiffs, v. AIR PRODUCTS & CHEMICALS, INC. Defendants.

Court of Chancery of Delaware, New Castle County.

Decided August 6, 2004.

Attorney(s) appearing for the Case

Martin P. Tully, John E. Abramczyk, Jason A. Cincilla, Morris, Nichols, Arsht & Tunnell, Wilmington, Delaware; Johnathan F. Putnam, Lee Ann Stevenson, Zachary S. Brez, Joshua B. Simon, Kirkland & Ellis, LLP, New York, New York, for Plaintiffs.

Lewis H. Lazarus, Matthew F. Lintner, Morris, James, Hitchens & Williams, LLP, Wilmington, Delaware; Thomas F. Cullen, Jr., Jones Day, Washington, DC; Barry R. Satine, Richard H. Sayler, Jennifer Seraphine, Jones Day, New York, New York, for Defendant.

OPINION

STRINE, Vice Chancellor.

A few years ago, two businesses formed a strategic alliance by contract. One of the businesses, Air Products, was a supplier of many goods and services that semiconductor manufacturers needed to operate their facilities and a provider of so-called total management services to facilities. The other business, Honeywell, was a manufacturer of a key product that chip makers needed—wet process chemicals— to make...

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