(Download) "Orlett V. Cincinnati Microwave Inc." by United States Court Of Appeals For The Sixth Circuit * eBook PDF Kindle ePub Free
eBook details
- Title: Orlett V. Cincinnati Microwave Inc.
- Author : United States Court Of Appeals For The Sixth Circuit
- Release Date : January 23, 1992
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 66 KB
Description
WELLFORD, Senior Circuit Judge. Cincinnati Microwave, Inc. (CMI) is a publicly held Ohio corporation. At the end of 1987 over sixteen million of its common voting shares were outstanding, approximately two-thirds of which were owned by CMI's chief executive officer, James Jaeger. CMI's stock price on the stock market had been consistently dropping from $15.50 per share in 1985 to $4.38 per share just before the company made a tender offer in late 1987. During the downward price slide, Jaeger had made an offer to take CMI private at a price deemed insufficient by outside analysts. Gene I. Mesh, counsel for plaintiff, Orlett, had challenged that Jaeger offer as attorney for a different client.
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