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RAIDER v ASH GROVE CEMENT COMPANY Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 18,983, CourtCode: CC, CourtName: IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE, Plaintiff: RAIDER, State: DE Delaware, UniqueCaseRef: DE>CC>00018983, Ash Grove, Vinton, Lyman-richey, Special Committee, Sunderland, Merger, Lyman-richey Acquisition, Shareholders, Agreement, Earnings, Stock, Report, Financial Statements, Directors, Transactions, Demand, Common Stock, Shares, Investment, Wells, According, Receiving, Net Sales, Outstanding, President, Control, Annual Report, Assets , ContentID: 120252240

Case Documents
1 2001-07-02 COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 126974
11 pages
PDF
Total Documents: 1 document , 11 pages
Price: $ 19.95


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1 . COMPLAINT

EXTRACTED KEY WORDS
VINTON
LYMAN-RICHEY
SPECIAL COMMITTEE
SUNDERLAND
PLAINTIFF
MERGER
LYMAN-RICHEY ACQUISITION
SHAREHOLDERS
AGREEMENT
EARNINGS
STOCK
REPORT
FINANCIAL STATEMENTS
DIRECTORS
TRANSACTIONS
DEMAND
COMMON STOCK
MEMBERS
SHARES
INVESTMENT
WELLS
ACCORDING
RECEIVING
NET SALES
OUTSTANDING
PRESIDENT
CONTROL
ANNUAL REPORT
ASSETS
                                                                                                   
          IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

                                  IN AND FOR NEW CASTLE COUNTY

-_-----------_---_----------------------------------------    X
DANIEL F. RAIDER,

                            Plaintiff,

         V.                                                        Civil Action No. /8'?83

ASH GROVE CEMENT COMPANY,                                     :

                            Defendant.                                                 m
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                   Plaintiff, by his attorneys, alleges as follows:                  -7s  2  f-3 
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                                                                                              4
                   1.       Plaintiff Daniel F. Raider ("Plaintiff"), together with his-wife, is a

record owner of 3,000 shares of Ash Grove Cement Company ("Ash Grove"). After

concluding a career as corporate counsel of a major corporation, Plaintiff has been, since

1999, self-employed as a private investor.

                   2.       Ash Grove is a Delaware corporation with principal executive offices

in Overland Park, Kansas. Ash Grove's business is the production of materials, primarily

cement and lime products, for the construction industry.

                   3.       Prior to December 31, 2000:

                            a.        Vinton Corporation ("Vinton"), a Delaware corporation,

owned approximately 63% of Ash Grove's issued and outstanding common stock and

71% of Ash Grove's issued and outstanding Class B common stock, which constituted
SNIPPETS:
  • Plaintiff Daniel F. Raider, together with his-wife, is a
  • record owner of 3,000 shares of Ash Grove Cement Company.
  • 71% of Ash Grove's issued and outstanding Class B common stock,
  • the type of information routinely available to shareholders of public
  • Vinton owned 100% of the stock of Lyman-Richey
  • All of the stock of Vinton was owned by members of the
  • Sunderland family.
  • Ash Grove had a nine-man board of directors.
  • Grove: George M. Wells, President; John H. Ross III, Senior Vice: President
  • control of Vinton and the fact that seven of Ash Grove's nine directors were Sunderlands
  • Wells advised Ash Grove's shareholders of two pending transactions.
  • merged with Vinton and "immediately prior to the merger,
  • understanding of those transactions was not publicly available, Plaintiff, after receiving
  • Ash Grove special committee and Vinton,
  • Ash Grove sent Plaintiff its 2000 ammal report
  • Lyman-Richey acquisition, including the agreements for the Vinton merger (the "Vinton
  • Agreement") and for the Lyman-Richey acquisition.
  • According to the 2000 Annual Report, Ash Grove's net sales
  • with net earnings of $93,568,738 and net earnings per share of $12.48.
  • Footnote 11 to the financial statements contained in the Annual
  • and the assets Ash Grove acquired generated sales of approximately
  • $220 (the "Demand Letter"):
  • All documents received from the investment banking firm the
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