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BLANCHETTE v. PROVIDENCE & WORCESTER CO.

Civ. A. No. 76-411.

428 F.Supp. 347 (1977)

Robert W. BLANCHETTE et al., Plaintiffs, v. PROVIDENCE AND WORCESTER COMPANY, a Delaware Corporation, et al., Defendants.

United States District Court, D. Delaware.

January 17, 1977.

Attorney(s) appearing for the Case

Bruce M. Stargatt, Jack B. Jacobs and Richard A. Levine, Young, Conaway, Stargatt & Taylor, Wilmington, Del., for plaintiffs; Edwin K. Taylor, Philadelphia, Pa., and Dennis J. Roberts, II, Roberts & Willey, Inc., Providence, R. I., of counsel.

Edmund N. Carpenter, II, Richards, Layton & Finger, Wilmington, Del., for defendants; Peter B. Archie, Peabody, Rivlin, Lambert & Meyers and John L. Richardson, Verner, Liipfert, Bernhard, McPherson & Alexander, Washington, D. C., of counsel.

OPINION

STEEL, Senior District Judge:

The Court has before it a motion of plaintiffs ("Trustees") to preliminarily enjoin the defendants, P & W Industries, Inc. ("Corporation"), Providence and Worcester Company ("Railroad"), together with named individuals who are their officers and directors, from soliciting the tender of Railroad shares in exchange for Corporation shares. The Exchange Offer was embodied in a Prospectus dated November 8, 1976, which...

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