OPINION
STEEL, Senior District Judge:
This action was brought by a former stockholder of The Magnavox Company ("Magnavox") on his own behalf and on behalf of others as a class who were stockholders of Magnavox between June 27, 1975 and July 25, 1975. The defendants are Magnavox, North American Philips Corporation ("NAPC"), its subsidiary, North American Philips Development Corporation ("NAPDC") and other related corporations, as well as certain of their...
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