HENKEL v. ASCHINGER

Nos. 11CVH-11-14,234, 11CVH-11-14,256 and 11CVH-11-14,414.

167 Ohio Misc.2d 4 (2012)

2012-Ohio-423

HENKEL, v. ASCHINGER et al. SPRUILL et al., v. ASCHINGER et al. WEISER REVOCABLE TRUST, v. BAIR et al.

Court of Common Pleas of Ohio, Franklin County.

Decided January 11, 2012.


Attorney(s) appearing for the Case

Law Offices of John C. Camillus, L.L.C., and John C. Camillus ; Brodsy & Smith L.L.C., Evan J. Smith , and Marc L. Ackerman ; The Briscoe Law Firm, P.L.L.C., and Willie Briscoe ; and Levi & Korinsky, L.L.P., and Donald J. Enright , for plaintiffs.

Ice Miller, L.L.P., John C. McDonald , and Matthew L. Fornshell , for Individual defendants and nominal defendant Pinnacle Data Systems, Inc.

Squire, Sanders, & Dempsey, L.L.P., David W. Alexander , and Joseph P. Rodgers , for defendants Avnet, Inc., and Air Acquisition Corp.


FRYE, Judge.

1. Introduction

{¶ 1} Prompted by the announcement of a proposed corporate merger, three cases (now consolidated) were filed by four shareholders of Pinnacle Data Systems, Inc. ("PDSi"). Under a proposal unanimously endorsed by PDSi's board of directors, holders of PDSi common shares would receive $2.40 per share in an all-cash merger with a newly created subsidiary of Avnet, Inc., a Fortune 500 company...

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