District Court, S.D. Texas November 15, 1996, Civil Action No. H-96-3289 (Proler International Corp. v. Hugo Neu Corp.)

Opinion on Extraordinary Relief

HUGHES, District Judge.

1. Introduction.

One principal in several scrap-metal collecting joint ventures is being bought by a *1141third-party competitor, and the other principal has moved to compel arbitration of the proposed post-acquisition merger. The company being acquired wants to stop the arbitration.