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HUNT FOODS & IND. v. DOLINER

26 A.D.2d 41 (1966)

Hunt Foods and Industries, Inc., Respondent, v. George M. Doliner et al., Appellants

Appellate Division of the Supreme Court of the State of New York, First Department.

June 9, 1966.

Attorney(s) appearing for the Case

Ben Herzberg and Frederick F. Greenman, Jr., of counsel (Hays, Sklar & Herzberg, attorneys), for appellants.

Milton Pollack for respondent.

BREITEL, P. J., RABIN, STEVENS and CAPOZZOLI, JJ., concur.

STEUER, J.

In February, 1965 plaintiff corporation undertook negotiations to acquire the assets of Eastern Can Company. The stock of the latter is owned by defendant George M. Doliner and his family to the extent of 73%. The balance is owned by independent interests. At a fairly early stage of the negotiations agreement was reached as to the price to be paid by plaintiff ($5,922,500 if in cash, or $5,730,000...

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