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FRANCIS I. duPONT & CO. v. UNIVERSAL CITY STUDIOS, INC.

312 A.2d 344 (1973)

FRANCIS I. duPONT & CO. et al., Plaintiffs, v. UNIVERSAL CITY STUDIOS, INC., a Delaware corporation, Defendant.

Court of Chancery of Delaware.

September 27, 1973.

Attorney(s) appearing for the Case

Richard F. Corroon of Potter Anderson & Corroon, Wilmington, and Walter G. McNeill of Brown, Wood, Fuller, Caldwell & Ivey, New York City, for plaintiffs.

E. N. Carpenter, II, and R. Franklin Balotti of Richards, Layton & Finger, Wilmington, and Cyrus R. Vance of Simpson Thacher & Bartlett, New York City, for defendant.

DUFFY, Justice:1

This is the decision upon exceptions to an Appraiser's final report determining the value of minority shares in a corporation absorbed in a short form merger.2

A.

On March 25, 1966 Universal Pictures Co. (Universal) was merged into Universal City Studios, Inc. (defendant) under 8 Del.C. § 253 effected by MCA, Inc., the cowmon parent. MCA owned 92% of Universal and 100...

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