Henkel v. Aschinger
Court of Common Pleas of Ohio, Franklin County, Civil Division
1Opinion of the Court
FRYE, Judge.
1. Introduction
{¶ 1} Prompted by the announcement of a proposed corporate merger, three cases (now consolidated) were filed by four shareholders of Pinnacle Data Systems, Inc. (“PDSi”). Under a proposal unanimously endorsed by PDSi’s board of directors, holders of PDSi common shares would receive $2.40 per share in an all-cash merger with a newly created subsidiary of Avnet, Inc., a Fortune 500 company. The proposed transaction has been valued at roughly $22 million.
{¶ 2} Plaintiffs challenge the merger as derivative plaintiffs under Civ.R. 28.1. They also assert direct claims on…
2Cases cited23 opinions
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Matrixx Initiatives, Inc. v. SiracusanoSupreme Court of the United States · 2011
- Ross v. BernhardSupreme Court of the United States · 1969
- Venture Associates Corporation, a Tennessee Corporation v. Zenith Data Systems Corporation, a Delaware CorporationCourt of Appeals for the Seventh Circuit · 1993
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