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A/S APOTHEKERNES LABORATORIUM v. I.M.C. CHEMICAL GROUP, INC.

No. 88-1326.

873 F.2d 155 (1989)

A/S APOTHEKERNES LABORATORIUM FOR SPECIALPRAEPARATER, Plaintiff-Appellant, v. I.M.C. CHEMICAL GROUP, INC. and Dr. M.B. Gillis, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided April 18, 1989.

Attorney(s) appearing for the Case

Robert Shapiro, Barack Ferrazzano Kirschbaum & Perlman, Chicago, Ill., for plaintiff-appellant.

John J. Arado, Wildman Harrold Allen & Dixon, Chicago, Ill., for defendants-appellees.

Before BAUER, Chief Judge, and POSNER and COFFEY, Circuit Judges.

COFFEY, Circuit Judge.

This is a diversity case arising from Apothekernes' unsuccessful attempt to purchase the Biochemical Division of IMC. The parties negotiated for some months in an attempt to reach an agreement on the terms of the sale. In February of 1978, the two companies' negotiators were finally able to agree on all terms. However, IMC's board of directors refused to approve the deal. Apothekernes filed this action asserting state law claims of breach of...

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