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ABRAHAM AND CO. v. OLIVETTI UNDERWOOD CORPORATION

204 A.2d 740 (1964)

ABRAHAM AND CO. et al., Plaintiffs, v. OLIVETTI UNDERWOOD CORPORATION, a Delaware corporation, Defendant.

Court of Chancery of Delaware, New Castle.

November 5, 1964.

Attorney(s) appearing for the Case

Arthur J. Sullivan, of Morris, James, Hitchens & Williams, Wilmington, for certain stockholders.

Other stockholders appeared pro se.

Bruce M. Stargatt, of Morford, Young & Conaway, Wilmington, and Daggett H. Howard, Oscar Cox and Peter D. Ehrenhaft, of Cox, Langford & Brown, Washington, D. C., for defendant.

SEITZ, Chancellor:

Certain minority stockholders involved in a short form merger under 8 Del.C. § 253 seek a statutory appraisal. The resulting corporation ("corporation") objects and this is the decision after hearing.

The corporation first contends that certain brokers who are registered stockholders and who seek an appraisal are not entitled thereto because they have failed to submit satisfactory proof of...

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