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BELL v. KIRBY LUMBER CORP.

395 A.2d 730 (1978)

Edith K. BELL et al., Petitioners, v. KIRBY LUMBER CORPORATION, Respondent.

Court of Chancery of Delaware, New Castle.

Decided October 18, 1978.

Attorney(s) appearing for the Case

Richard F. Corroon, and James F. Burnett, of Potter, Anderson, & Corroon, Wilmington, for petitioners.

William O. LaMotte, III, and A. Gilchrist Sparks, III, of Morris, Nichols, Arsht & Tunnell, Wilmington, for respondent.

BROWN, Vice Chancellor.

This is a decision on the exceptions taken by certain stockholders ("the stockholders") as well as those taken by the resulting corporation, Kirby Lumber Corporation ("Kirby") to the final report of an appraiser which determined the value of shares held by stockholders dissenting from a merger.

Kirby is a Delaware corporation founded in 1901. Its business since that time has been to convert...

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