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BACHE & CO. v. INTERNATIONAL CONTROLS CORP.

No. 68 Civ. 4133.

324 F.Supp. 998 (1971)

BACHE & CO., Incorporated, Plaintiff, v. INTERNATIONAL CONTROLS CORP., Defendant.

United States District Court, S. D. New York.

March 29, 1971.

Attorney(s) appearing for the Case

Sullivan & Cromwell, New York City, for plaintiff; Howard T. Milman, Joel M. Miller, New York City, of counsel.

Cahill, Gordon, Sonnett, Reindel & Ohl, New York City, Hogan & Hartson, Washington, D. C., for defendant; David R. Hyde, Allen S. Joslyn, New York City, David A. Ludtke, James A. Hourihan, Washington, D. C., of counsel.

OPINION, FINDINGS OF FACT and CONCLUSIONS OF LAW

LEVET, District Judge.

This action arises from a tender offer which defendant International Controls Corp. ("ICC") made in the fall of 1968 for the securities (common stock and debentures convertible into common stock) of Electronic Specialties Co. ("ELS"). Plaintiff Bache & Co. Incorporated ("Bache") claims that it properly tendered ELS securities in response to that offer; ICC denies that Bache made...

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