Dynamics Corporation of America, Counterdefendant-Appellee v. Cts Corporation, Counterplaintiff-Appellant. State of Indiana, Intervenor-Appellant

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• criticizing poison pill that, among other things, burdened the target with a new, long-term fixed debt and precluded a hostile tender offer
• “If both parties are likely to suffer the same amount of irreparable harm, so far as estimation is possible, the likelihood of success becomes decisive.”
• when a board adopts defensive measures to ward off takeovers the decision warrants “a more searching judicial review ... than decisions concerning ordinary business decisions”
• target’s management announced its opposition same day unsolicited tender offer was announced without studying any business or financial implications of tender offer or consulting with target’s outside directors
• “if the Williams Act is to be taken as a congressional determination that a month (roughly) is enough time to force a tender offer to be kept open, 50 days is too much”

Source: CourtListener parenthetical corpus (CC0).