Edward Orlett v. Cincinnati Microwave, Inc., James L. Jaeger
Court of Appeals for the Sixth Circuit
1Opinion of the Court
WELLFORD, Senior Circuit Judge.
Cincinnati Microwave, Inc. (CMI) is a publicly held Ohio corporation. At the end of 1987 over sixteen million of its common voting shares were outstanding, approximately two-thirds of which were owned by CMI’s chief executive officer, James Jae-ger. CMI’s stock price on the stock market had been consistently dropping from $15.50 per share in 1985 to $4.38 per share just before the company made a tender offer in late 1987. During the downward price slide, Jaeger had made an offer to take CMI private at a price deemed insufficient by outside analysts. Gene I.…
2Cases cited13 opinions
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- Jurldine A. Donaldson v. Paul v. ClarkCourt of Appeals for the Eleventh Circuit · 1987
- In Re Matter of Stephen Yagman, Jerry Brown and Gerry Fleischer v. Michael Baden and Sidney WeinbergCourt of Appeals for the Ninth Circuit · 1986
- John C. Shimman v. International Union of Operating Engineers, Local 18Court of Appeals for the Sixth Circuit · 1984
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