Fed. Sec. L. Rep. P 95,656 Alan L. Spielman v. General Host Corporation, General Host Corporation

In this appeal from a judgment denying liability of a tender offeror for a claimed misleading omission in the offer prospectus, we affirm on the opinion below of the United States District Court for the Southern District of New York, Edward Weinfeld, Judge, Spielman v. General Host Corp., 402 F.Supp. 190 (S.D.N.Y.1975). This tender offer case presents the unusual, if not unique, situation where the “total mix” of communications to, and knowledge of, shareholders of the target company renders harmless a potentially misleading omission in the prospectas circulated by the tender offeror. 1 See…