Starkman v. Marathon Oil Co.
Court of Appeals for the Sixth Circuit
1Opinion of the Court
MERRITT, Circuit Judge.
Like Radol v. Thomas, 772 F.2d 244 (6th Cir.1985), this action arises out of U.S. Steel’s November, 1981 acquisition and eventual merger with Marathon Oil Company. The plaintiff here, Irving Starkman, was a Marathon shareholder until selling his shares on the open market for $78 per share on November 18, 1981, the day before U.S. Steel’s tender offer for 51% of Marathon’s outstanding shares at $125 per share was announced.1 On October 31, 1981, Mobil Oil had initiated its takeover bid for Marathon, a bid which Marathon actively resisted by urging its rejection by…
2Cases cited22 opinions
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- Chiarella v. United StatesSupreme Court of the United States · 1980
- Ruth Panter v. Marshall Field & Co., Richard Weiss v. Marshall Field & Co.Court of Appeals for the Seventh Circuit · 1981
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