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APPLICATION OF DELAWARE RACING ASSOCIATION

213 A.2d 203 (1965)

Application of DELAWARE RACING ASSOCIATION, a corporation of the State of Delaware, for a determination, pursuant to Section 262 of the General Corporation Law of the value of certain shares of stock of The Delaware Steeplechase and Race Association.

Supreme Court of Delaware.

August 2, 1965.

Attorney(s) appearing for the Case

Vincent A. Theisen and Aubrey B. Lank, of Theisen & Lank, Wilmington, for dissenting stockholders, appellants.

William S. Potter and Charles S. Crompton, Jr., of Berl, Potter & Anderson, Wilmington, for Delaware Racing Ass'n, appellee.

WOLCOTT, Chief Justice, CAREY, Justice, and DUFFY, President Judge, sitting.

WOLCOTT, Chief Justice.

This is an appeal by stockholders of Delaware Steeplechase and Race Association (Steeplechase) from a judgment of the Vice Chancellor in an appraisal proceeding fixing the value of the Steeplechase stock.

Delaware Racing Association (Racing) filed a petition for an appraisal of the value of Steeplechase shares. Steeplechase, on July 31, 1963, under the provisions of 8 Del.C., § 253, had been merged into Racing. Stockholders of...

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