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DANAHER CORP. v. CHICAGO PNEUMATIC TOOL CO.

Nos. 86 Civ. 2357 (PNL), 86 Civ. 2448 (PNL).

633 F.Supp. 1066 (1986)

DANAHER CORPORATION, DH Acquisition Corp. and Danwest Partners, Plaintiffs, v. CHICAGO PNEUMATIC TOOL COMPANY, Thomas P. Latimer, G. Russell Moir, Barry J. Shillito, John R. Kennedy, Jr., Andrew Schultz, Jr., Edmund J. Kelly, Melvin R. Laird and David G. Moore, Defendants. John D. SPEARS, Plaintiff, v. Thomas P. LATIMER, G. Russell Moir, Barry J. Shillito, John R. Kennedy, Jr., Andrew Schultz, Jr., Edmund J. Kelly, Melvin R. Laird, David G. Moore, and Chicago Pneumatic Tool Company, Defendants.

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

April 10, 1986.

Attorney(s) appearing for the Case

Skadden, Arps, Slate, Meagher & Flom, New York City, for Danaher plaintiffs; Jerome S. Hirsch, Robert E. Zimet, George A. Zimmerman, Marco E. Schnabl, Charles F. Walker, of counsel.

White & Case, New York City, for Chicago Pneumatic defendants; Thomas McGanney, Dwight Healy, James Laughlin, of counsel.

Lowey, Dannenberg & Knapp, New York City, for plaintiff John D. Spears; Neil Selinger, Henry Brachtl, of counsel.

LEVAL, District Judge.

These are motions for preliminary injunction brought in the context of litigation over a tender offer for the stock of defendant Chicago Pneumatic Tool Co. ("CP"). The plaintiffs and movants in these two consolidated actions are Danaher Corp. (and related entities), the tender offeror for CP stock, and John D. Spears, a shareholder of CP who brings a derivative action against CP's directors. The principal object of both motions (and actions...

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