Dynamics Corp. of America v. CTS Corp.
Court of Appeals for the Seventh Circuit
1Opinion of the Court
POSNER, Circuit Judge.
This case involves a challenge under the corporate law of Indiana to a “poison pill,” which is a device used by corporate managers to fend off hostile tender offers. The case is a sequel to Dynamics Corp. of America v. CTS Corp., 794 F.2d 250 (7th Cir.1986). Although the Supreme Court has noted probable jurisdiction of the appeals by CTS and the State of Indiana from the part of the decision that invalidated on federal constitutional grounds an Indiana statute regulating takeovers, — U.S. -, 107 S.Ct. 258, 93 L.Ed.2d 17 (1986), that part is not pertinent to this sequel.
On…
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