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YOUNG v. VALHI, INC.

382 A.2d 1372 (1978)

William Waller YOUNG, Jr., Warren M. Simon, Jean Mason Smith, Peggy M. S. Fleming and Elise M. S. Howard, Plaintiffs, v. VALHI, INC., Contran Corporation and Vis Corp., all Delaware Corporations, Defendants, Daniel BRUNO, Plaintiff, v. CONTRAN CORPORATION, Harold C. Simmons and Valhi, Inc., Defendants.

Court of Chancery of Delaware, New Castle.

Decided February 22, 1978.

Attorney(s) appearing for the Case

Steven J. Rothschild and David B. Ripsom of Prickett, Ward, Burt & Sanders, Wilmington, and Chaffe, McCall, Phillips, Toler & Sarpy, New Orleans, La., for plaintiffs in Civil Action No. 5430.

Arthur G. Connolly, Jr. of Connolly, Bove & Lodge, Wilmington, and Ronald Litowitz of Kreindler & Kreindler, New York City, for plaintiff in Civil Action No. 5428.

A. Gilchrist Sparks, III of Morris, Nichols, Arsht & Tunnell, Wilmington, and Fred H. Bartlit, Jr. of Kirkland & Ellis, Chicago, Ill., for defendants.

MARVEL, Chancellor.

Since May, 1975 plaintiffs have been the owners of 12,380 shares of common stock of the defendant Valhi, Inc. out of 157,070 issued and outstanding such shares1 of said corporation held by stockholders other than the defendant Contran Corporation, the majority holder of common shares of Valhi, which, as of March 31, 1977, held a 55%2 interest in...

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