LEBMAN v. NATIONAL UNION ELEC. CORP.


414 A.2d 824 (1980)

Marvin LEBMAN and Gerald Lebman, Plaintiffs, v. NATIONAL UNION ELECTRIC CORPORATION, Defendant.

Court of Chancery of Delaware, New Castle.

Decided April 17, 1980.


Attorney(s) appearing for the Case

Marvin Lebman and Gerald Lebman, pro se.

Wendell Fenton of Richards, Layton & Finger, Wilmington, and George C. Kern, Jr. and Robert D. Owen of Sullivan & Cromwell, New York City, for defendant.


MARVEL, Chancellor:

Plaintiffs, having duly qualified for such form of relief, instituted this action under the provisions of Title 8 Del.C. § 253 and § 262 for an appraisal of the intrinsic value of their shares of stock of National Union Electric Corporation as well as those shares of other stockholders of such corporation who had declined to accept the merger price of $28 a share. Such shares had been eliminated...

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