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FELDER v. ANDERSON, CLAYTON & CO.

159 A.2d 278 (1960)

William D. FELDER, Jr., Plaintiff, v. ANDERSON, CLAYTON & CO., a corporation of the State of Delaware, Defendant.

Court of Chancery of Delaware, New Castle.

Supplemental Opinion March 4, 1960.

On Question of Interest March 24, 1960.

Attorney(s) appearing for the Case

Aaron Finger of Richards, Layton & Finger, Wilmington and Maurice E. Purnell of Locke, Purnell, Boren, Laney & Neely, Dallas, Tex., for plaintiff.

William Prickett, Sr., of Prickett & Prickett, Wilmington and Chester M. Fulton of Fulbright, Crooker, Freeman, Bates & Jaworski of Houston, Tex., for defendant.

SEITZ, Chancellor.

This is the decision on stockholders' exceptions to the appraiser's report fixing the value of shares of stock held by stockholders dissenting from a merger. The surviving corporation filed no exceptions. The two stockholders entitled to an appraisal were shareholders of Southland Cotton Oil Company ("Southland") which was merged into Anderson, Clayton & Company ("Anderson-Clayton") on July 31, 1955. These stockholders held 636 and a fraction...

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