Acton Co., Inc. Of Massachusetts v. Bachman Foods, Inc.

U.S. Court of Appeals, First Circuit · Decided 1982-01-11

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COFFIN, Chief Judge. This appeal involves an aborted business transaction in which the Acton Corp. (Acton) and its wholly owned subsidiary, Acton Co., Inc. of Massachusetts (ACIM), sought to purchase substantially all the assets of Bachman Foods, Inc. Negotiations between Acton and Culbro Corp., Bachman’s parent corporation, culminated in the signing of a letter of intent on Apr…

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