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Square D Wins Round in Takeover Bid:...

From Times Staff and Wire Reports

Square D Wins Round in Takeover Bid: Square D Co. won a skirmish in its effort to fend off a takeover attempt by a French competitor, Schneider S.A., the American company said. The Palatine, Ill.-based firm said it obtained a New York Supreme Court order compelling Schneider to maintain secrecy on information it obtained during joint venture talks that the two companies held last year. The case is part of Square D’s legal battle to blunt a buyout bid by Schneider, a major French manufacturer of electronic devices.


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