DAVID J. GREENE & CO. v. DUNHILL INTERNATIONAL, INC.


249 A.2d 427 (1968)

DAVID J. GREENE AND CO. et al., Plaintiffs, v. DUNHILL INTERNATIONAL, INC., and A. G. Spalding & Bros., Inc., Defendants.

Court of Chancery of Delaware, New Castle.

December 24, 1968.


Attorney(s) appearing for the Case

Richard F. Corroon and Hugh L. Corroon, of Potter, Anderson & Corroon, Wilmington, and Julius Levy, of Pomerantz, Levy, Haudek & Block, New York City, for plaintiffs.

Louis J. Finger and David T. Dana, III, of Richards, Layton & Finger, Wilmington, for defendants.


DUFFY, Chancellor:

Plaintiffs collectively own 30,685 shares of defendant A. G. Spalding & Bros., Inc., a Delaware corporation ("Spalding"); they seek an injunction prohibiting the consummation of a proposed merger between Spalding and Dunhill International, Inc., a Delaware corporation ("Dunhill"), in which the latter will be the surviving corporation. Dunhill owns 80.3% of Spalding's stock. Plaintiffs contend that the terms of the merger are grossly unfair and...

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