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IN RE OLIVETTI UNDERWOOD CORPORATION

246 A.2d 800 (1968)

In re OLIVETTI UNDERWOOD CORPORATION, a Delaware corporation, an appraisal proceeding.

Court of Chancery of Delaware, New Castle.

September 27, 1968.

Attorney(s) appearing for the Case

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

Bruce M. Stargatt, of Young, Conaway, Stargatt & Taylor, Wilmington, and Peter D. Ehrenhaft, Washington, D. C., for Olivetti Underwood Corp.

DUFFY, Chancellor:

The case is before the Court on an Appraiser's report of the value of shares of common stock after merger and exceptions thereto filed by both the stockholders and the corporation.

On October 23, 1963 Underwood Corporation, a Delaware corporation ("Underwood"), was merged upstream into Olivetti Underwood Corporation, a Delaware corporation ("Olivetti Underwood"), under 8 Del.C. § 253.

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