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HANNA MIN. CO. v. NORCEN ENERGY RESOURCES LTD.

No. C82-959.

574 F.Supp. 1172 (1982)

The HANNA MINING COMPANY, et al., Plaintiffs, v. NORCEN ENERGY RESOURCES LIMITED, et al., Defendants.

United States District Court, N.D. Ohio, E.D.

June 11, 1982.

Attorney(s) appearing for the Case

Patrick F. McCartan, Richard W. Pogue, John L. Strauch, Jones, Day, Reavis & Pogue, Cleveland, Ohio, Carl E. Nickels, Jr., John Gurgle, Cleveland, Ohio, for The Hanna Mining Co., for plaintiffs.

James A. Smith, James P. Murphy, Frances Floriano Coins, John E. Lynch, Jr., Squire, Sanders & Dempsey, Cleveland, Ohio, Paul C. Saunders, Cravath, Swaine & Moore, New York City, A.J. Knopp, Baker & Hostetler, Cleveland, Ohio, James M. Tobin, Thomas E. Palmer, Squire, Sanders & Dempsey, Columbus, Ohio, for defendants.

MEMORANDUM OF OPINION

MANOS, District Judge.

On April 5, 1982 plaintiffs, Hanna Mining Company, (hereinafter, Hanna), Carl E. Nickels, Jr., Executive Vice President and a member of Hanna's Board of Directors and John Gurgle, an employee of Hanna and former beneficial owner of seventy (70) shares of Hanna stock, filed the above-captioned case to enjoin a proposed tender offer by the defendant, Norcen Energy Resources Limited, (hereinafter, Norcen), for fifty...

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