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HEILBRUNN v. SUN CHEMICAL CORPORATION

146 A.2d 757 (1958)

Robert HEILBRUNN, Harriett Heilbrunn and Mathilda Heilbrunn, copartners trading as Heilbrunn & Co., Jacques Coe, Fred Gutenstein, Joseph E. Sullivan, Jerome S. Weinberg (general partners), and Florence Coe (limited partner), copartners trading as Jacques Coe & Co., Plaintiffs, v. SUN CHEMICAL CORPORATION, a Delaware corporation, Ansbacher-Siegle Corporation, a New York Corporation, and Norman E. Alexander, Defendants.

Court of Chancery of Delaware, New Castle.

December 5, 1958.

Attorney(s) appearing for the Case

Irving Morris, Wilmington, and Edward Lee, New York City, for plaintiffs.

Caleb S. Layton, of Richards, Layton & Finger, Wilmington, and Manning, Hollinger & Shea, New York City, for defendants.

MARVEL, Vice Chancellor.

Plaintiffs, who are stockholders of Sun Chemical Corporation, bring this action for the entry of a declaratory judgment to the effect that certain acts involving the acquisition by Sun Chemical Corporation of all of the assets of the defendant, Ansbacher-Siegle Corporation, the stock of which was owned directly or indirectly by the defendant, Norman E. Alexander, was in fact an illegal merger not...

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