Fourth National Bank & Trust Co. v. Mobil Oil Corp.

The opinion of the court was delivered by

Holmes, J.:

This was an action by The Fourth National Bank and Trust Company, Wichita (the Fourth), appellee, against Mobil Oil Corporation (Mobil), defendant-appellant, for damages based upon Mobil’s refusal to purchase certain shares of stock of Marcor, Inc. (Marcor), pursuant to a written tender offer made by Mobil. The case was submitted on an agreed stipulation of facts and the Fourth was granted judgment for $64,991.43. Mobil appeals.

We will attempt to condense the facts from those submitted by the lengthy stipulation in the trial court.

On or…