Lorvic Holdings, Inc. - Page 32

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                  We think that Wildt neglected the importance of the                                   
            likelihood that Scherer possessed sensitive information                                     
            concerning Old Lorvic's business operations such as the                                     
            profitability of Lorvic's product lines, and the identities of                              
            the suppliers and distributors.  Richard Nemanick's testimony at                            
            trial established that the monthly reports on Old Lorvic's                                  
            operations, which included its top 10 products and its major                                
            customers, were prepared and circulated to Scherer.  Also, the                              
            testimony reflects that Richard Nemanick frequently discussed the                           
            contents of these reports with the Scherer managers.                                        
                  Therefore, we do not find the contributions of any of the                             
            experts to be, ultimately, dispositive of the issue before us.                              
            We, consequently, address the issue on the basis of the record                              
            before us.                                                                                  
                  At the date of the 1989 transaction, Scherer was actively                             
            engaged in the international research, development, manufacture,                            
            and distribution of drug delivery systems which, in turn, were                              
            marketed through distributor networks.  Scherer possessed                                   
            affiliates which were involved in businesses in the health care                             
            field.  It was a large, well-capitalized, multinational                                     
            corporation, with production facilities, distribution networks,                             
            and an extensive brand name recognition among health care                                   
            professionals.  Accordingly, Scherer with its marketing expertise                           







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