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CARTER v. MATTHEY LAUNDRY & DRY CLEANING COMPANY

No. 47142.

330 S.W.2d 771 (1959)

C. T. CARTER, Respondent-Appellant, v. MATTHEY LAUNDRY & DRY CLEANING COMPANY, a Corporation, Mabro Investment Company, a Corporation, and National Laundry, Inc., a Corporation, Appellants-Respondents.

Supreme Court of Missouri, Division No. 1.

Motions for Rehearing or to Transfer Denied January 11, 1960.

Attorney(s) appearing for the Case

Flynn, Parker & Badaracco, Norman C. Parker, St. Louis, for appellants.

August W. Jaudes, A. Robert Belscher, St. Louis, for respondent Carter.

Motions for Rehearing or to Transfer to Court en banc Denied January 11, 1960.

COIL, Commissioner.

In March 1955 Matthey Laundry & Dry Cleaning Company, a corporation (hereinafter sometimes called Matthey), purchased 91 per cent (2,732 of a total 3,000 shares) of the stock of National Laundry Company, a corporation (hereinafter sometimes called National) at $40 per share on the terms and conditions contained in a written offer to purchase. In April 1955...

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