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DIXON v. ATI LADISH LLC

No. 11-1976.

667 F.3d 891 (2012)

Irene DIXON, Plaintiff-Appellant, v. ATI LADISH LLC, et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided January 26, 2012.

Attorney(s) appearing for the Case

Nathan D. Eisenberg , Attorney, Previlant, Goldberg, Uelmen, Gratz, Miller & Brueggeman, Milwaukee, WI, Juan E. Monteverde (argued), Attorney, Faruqi & Faruqi, LLP, New York, NY, for Plaintiff-Appellant.

Andrew J. Wronski (argued), Attorney, Foley & Lardner LLP, Milwaukee, WI, for Defendants-Appellees.

Before EASTERBROOK, Chief Judge, CUDAHY, Circuit Judge, and PRATT, District Judge.

EASTERBROOK, Chief Judge.

In November 2010 Ladish Co. agreed to be acquired by Allegheny Technologies, Inc. The offer for each share of Ladish's stock was $24 cash plus 0.4556 shares of Allegheny's stock. At the closing price of Allegheny stock after the merger's announcement, the package was worth $46.75 per Ladish share, a premium of 59% relative to Ladish's trading price before the announcement. Investors overwhelmingly approved the transaction, which closed on...

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