Legal Opinion
WLR Foods, Inc. v. Tyson Foods, Inc.
District Court, W.D. Virginia
Decided August 9, 1994No. Civ. A. 94-012-HPublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM OPINION
MICHAEL, District Judge.
Tyson Foods, Inc. (Tyson) has commenced a hostile attempt to take over WLR Foods, Inc. (WLR). In doing so, it has made a tender offer to WLR shareholders of $30 per share. WLR has filed suit seeking a declaratory judgment affirming various measures undertaken by WLR to defend against Tyson’s takeover attempt. Tyson has counterclaimed, asserting that such measures are illegal, that WLR’s Board of Directors has breached its fiduciary duty, and that Virginia’s statutory scheme affecting hostile takeover attempts is unconstitutional.
Presently before the…
2Cases cited21 opinions
- Hines v. DavidowitzSupreme Court of the United States · 1941
- National Labor Relations Board v. Jones & Laughlin Steel Corp.Supreme Court of the United States · 1937
- Pike v. Bruce Church, Inc.Supreme Court of the United States · 1970
- Edgar v. Mite Corp.Supreme Court of the United States · 1982
- Piper v. Chris-Craft Industries, Inc.Supreme Court of the United States · 1977
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3Cited by1 opinion
- WLR Foods, Inc. v. Tyson Foods, Inc.District Court, W.D. Virginia · 1994