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HARITON v. ARCO ELECTRONICS, INC.

188 A.2d 123 (1963)

Martin HARITON, Appellant, v. ARCO ELECTRONICS, INC., a Delaware corporation, Appellee.

Supreme Court of Delaware.

January 24, 1963.

Attorney(s) appearing for the Case

Irving Morris and J. A. Rosenthal, of Cohen & Morris, Wilmington, for appellant.

S. Samuel Arsht and Walter K. Stapleton, of Morris, Nichols, Arsht & Tunnell, Wilmington, for appellee.

SOUTHERLAND, Chief Justice, and WOLCOTT and TERRY, JJ., sitting.

SOUTHERLAND, Chief Justice.

This case involves a sale of assets under § 271 of the corporation law, 8 Del.C. It presents for decision the question presented, but not decided, in Heilbrunn v. Sun Chemical Corporation, Del., 150 A.2d 755. It may be stated as follows:

A sale of assets is effected under § 271 in consideration of shares of stock of the purchasing corporation...

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