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Case
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Reference no. 9-904-023
Published by: Harvard Business Publishing
Originally published in: 2003
Version: 5 August 2004
Length: 21 pages
Data source: Field research

Abstract

In 1996, US Surgical launched a hostile takeover bid against Circon Corp. CEO Richard Auhll recruited an old HBS friend, George Cloutier, to the Circon board to help him defend the company. Circon's primary defenses include a ‘poison pill’ and a staggered board and lead to the longest-running takeover battle in US corporate history. This is an abridged version of an earlier case.
Industry:
Size:
USD88 million revenues
Other setting(s):
1996-1998

About

Abstract

In 1996, US Surgical launched a hostile takeover bid against Circon Corp. CEO Richard Auhll recruited an old HBS friend, George Cloutier, to the Circon board to help him defend the company. Circon's primary defenses include a ‘poison pill’ and a staggered board and lead to the longest-running takeover battle in US corporate history. This is an abridged version of an earlier case.

Settings

Industry:
Size:
USD88 million revenues
Other setting(s):
1996-1998

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