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ADAMS v. R. C. WILLIAMS & COMPANY

158 A.2d 797 (1960)

Ernestine M. ADAMS, Valena T. Briggs, Emmet Byrne, Oswald E. Davies, Frederick W. Diener, Donald B. Hilliker, Mildred A. Hilliker, Carl E. Kastner, H. Lorene Kingsley, Welles V. Moot, Jr., Howard L. Nicholson, Theodore Peters, Esther T. Sahlin, and Frank J. Sindele, Petitioning Stockholders, v. R. C. WILLIAMS & COMPANY, Inc., a New York Corporation, Defendant. Milton W. AMSTER, Anthony Bachetti, Betty Bolognini, Rinaldo Bolognini, Mario Calamal, Emelia Calamai, Henry J. Delay, Elsie C. Dye, Roberts E. Fuller, Lasser Brothers, Jessica Lotz, Jessie M. Mackenzie, Jean C. Mollitz, Joseph R. Reilly, Tweedy, Browne & Reilly, and Mitchel J. Valicenti, Petitioning Stockholders, v. R. C. WILLIAMS & COMPANY, Inc., a New York Corporation, Defendant.

Court of Chancery of Delaware, New Castle County.

January 25, 1960.

Attorney(s) appearing for the Case

Andrew B. Kirkpatrick, Jr. of Morris, Nichols, Arsht & Tunnell, Wilmington, for petitioning stockholders in Civil Action No. 978.

Arthur J. Sullivan of Morris, James, Hitchens & Williams, Wilmington, for petitioning stockholders in Civil Action No. 993.

Richard F. Corroon of Berl, Potter & Anderson, Wilmington and Thomas W. Kelly and Clifford B. Storms of Breed, Abbott & Morgan of New York City for defendant R. C. Williams & Co., Inc.

SEITZ, Chancellor.

This is the decision on the exceptions of certain stockholders ("stockholders") and the resulting corporation ("defendant") to an appraiser's final report determining the value of shares held by stockholders dissenting from a merger.

Old Judge Foods Corporation ("Old Judge") was merged into R. C. Williams & Co., Inc., the defendant herein, effective December 9, 1957. The dissenting stockholders held only the $25 and the $10 par cumulative...

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