Ladish Shareholders Sue To Block $778M Allegheny Buy

Law360, New York (December 1, 2010, 1:47 PM EST) -- A Ladish Co. Inc. shareholder has launched a putative class action seeking to stop the $778 million acquisition of the Wisconsin metal components producer by specialty metals manufacturer Allegheny Technologies Inc.

Irene Dixon filed a complaint Tuesday in the U.S. District Court for the Eastern District of Wisconsin, alleging that the consideration Ladish shareholders would receive is “woefully inadequate.”

The suit, filed by Jason R. Oldenburg and Kathleen F. Goodrich of Previant Goldberg Uelmen Gratz Miller & Brueggeman SC and Nadeem Faruqi and Juan E. Monteverde...
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