Amanda Acquisition Corp. v. Universal Foods Corp.
United States Court of Appeals for the Seventh Circuit
877 F.2d 496 (1989)
Relevant factsFree
A Wisconsin statute barred a Wisconsin corporation from merging with an entity that acquired it via tender offer unless three years passed or the target's board approved the takeover; the statute was challenged as preempted by federal securities laws governing tender offers.
IssueFree
Whether a state may pass a statute delaying the tender offer process, so long as the process itself is not disturbed.