Venture Associates Corporation, a Tennessee Corporation v. Zenith Data Systems Corporation, a Delaware Corporation

U.S. Court of Appeals, Seventh Circuit · Decided 1993-03-05

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CUDAHY, Circuit Judge. For almost a year, Venture Associates Corporation (Venture) and Zenith Data Systems Corporation (Zenith) attempted to negotiate a sale of the Heath Company (Heath), a subsidiary of Zenith. Following preliminary negotiations, the parties agreed to a “letter of intent," proposed by Venture, which provided that they would continue to negotiate in good faith a…

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