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JACQUES COE & CO. v. MINNEAPOLIS-MOLINE CO.

75 A.2d 244 (1950)

JACQUES COE & CO. et al. v. MINNEAPOLIS-MOLINE CO.

Court of Chancery of Delaware, New Castle.

July 21, 1950.

Attorney(s) appearing for the Case

Robert C. Barab, Wilmington, for petitioners and for stockholder-exceptants.

Robert H. Richards, Jr., of Richards, Layton & Finger, Wilmington, for defendant.

SEITZ, Vice Chancellor.

An appraiser acting under Section 61 of our General Corporation Law, Rev.Code 1935, § 2093, appraised the preferred and common stock of stockholders who chose not to accept the terms of a merger. This is the decision on exceptions to the appraiser's report.

The defendant corporation's preferred stock contract provided for a liquidation price of $110 per share plus accrued dividends. They...

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