ALASKA INTERSTATE COMPANY v. McMILLIAN

Civ. A. No. 75-188.

402 F.Supp. 532 (1975)

ALASKA INTERSTATE COMPANY, Plaintiff, v. John G. McMILLIAN et al., Defendants, v. O. Charles HONIG, Additional Defendant to Counterclaims.

United States District Court, D. Delaware.

September 3, 1975.


Attorney(s) appearing for the Case

Rodman Ward, Jr., Mason E. Turner, and John H. Small, Prickett, Ward, Burt & Sanders, Wilmington, Del., Stuart L. Shapiro, Skadden, Arps, Slate, Meagher & Flom, New York City, Milbank, Tweed, Hadley & McCloy, New York City, for plaintiff and O. Charles Honig.

E. Norman Veasey, Charles F. Richards, Jr., and R. Franklin Balotti, Richards, Layton & Finger, Wilmington, Del., Raymond L. Falls, Cahill, Gordon & Reindel, New York City, for defendants Northwest Energy Co. and F. Arnold Daum.

David A. Drexler, Paul P. Welsh, Martin P. Tully, Morris, Nichols, Arsht & Tunnell, Wilmington, Del., Leon Silverman, and Milton R. Ackman, Fried, Frank, Harris, Shriver & Jacobson, New York City, for defendants Apco Oil Corp. and Charles P. Siess, Jr.

Hugh Corroon, and Richard E. Poole, Potter, Anderson & Corroon, Wilmington, Del., Robert C. Bledsoe, Cotton, Bledsoe, Tighe, Morrow & Dawson, Midland, Tex., for defendants Stoltz and The Tipperary Corp.

Jack B. Jacobs, and Richard A. Levine, Young, Conaway, Stargatt & Taylor, Wilmington, Del., John C. Snodgrass, Vinson, Elkins, Searls, Connolly & Smith, Houston, Tex., for defendants Gulf Interstate Co. and C. T. Wells.

Arthur G. Connolly, Jr., and John R. Bowman, Connolly, Bove & Lodge, Wilmington, Del., Richard E. Hill, and James V. Dolan, Steptoe & Johnson, Washington, D. C., for defendants McMillian, Himmelman, Insley, Patterson, Perry and diZerega.


OPINION

STAPLETON, District Judge:

This case arises in the context of competing tender offers by Alaska Interstate Company ("Alaska"), and Northwest Energy Company ("Energy"), which seek control of Apco Oil Corporation ("Apco"). The common stock of each of the three is listed on the New York Stock Exchange. Alaska, in its amended complaint filed on July 15, 1975, alleged a conspiracy among Energy, Apco and others resulting in violations of §§ 9...

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