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BURTON v. PET, INCORPORATED

No. 57168.

509 S.W.2d 95 (1974)

John G. BURTON, Plaintiff-Respondent, v. PET, INCORPORATED, a corporation, Defendant-Appellant, St. Louis Lithographing Company et al., Defendants.

Supreme Court of Missouri, Division No. 1.

May 13, 1974.

Attorney(s) appearing for the Case

Lon Hocker, St. Louis, and Raymond F. McNally, Jr., St. Louis, for respondent.

Lashly, Caruthers, Rava, Hyndman & Rutherford, John H. Lashly, Albert J. Stephan, Jr., St. Louis, for appellant.

SEILER, Judge.

Pet, Incorporated, a Delaware corporation (hereinafter referred to as Pet), purchased the business of St. Louis Lithographing Corporation, a Missouri corporation (hereinafter referred to as Litho) by exchanging 56,000 shares of Pet's stock, then selling at 447/8 per share, for all the outstanding stock in Litho. The controversy is whether plaintiff, John G. Burton, who was in the business of finding buyers for and negotiating the sale of businesses...

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