Tuesday, February 10, 2009
Alright. I can imagine an anaconda swallowing a crane. But here we have a case about a crane trying to swallow an anaconda. And that, I find, well . . . hard to swallow.
Crane Co. attempted to purchase Anaconda Co. in a tender offer and asked for Anaconda's shareholder list to facilitate its offer. Anaconda refused on the ground that the request was unrelated to the business of the firm, since corproate control is not a part of the firm's business. The court rejected that argument as about as farfetched as the idea of a bird consuming a serpent.
Crane Co. v. Anacondan Co.
The very idea's insane!
A serpent consuemd by a crane?!?
Crane may inspect
As it aims to effect
A change in the corproate domain.