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TABBI v. POLLUTION CONTROL INDUSTRIES, INC.

508 A.2d 867 (1986)

Phillip C. TABBI, Peter Muserlian, Theodora E. Muserlian, and Daniel Cowin, Petitioners, v. POLLUTION CONTROL INDUSTRIES, INC., a Delaware corporation, Respondent.

Court of Chancery of Delaware, New Castle County.

Decided: March 7, 1986.

Attorney(s) appearing for the Case

Wayne J. Carey, Prickett, Jones, Elliott, Kristol & Schnee, Wilmington, for petitioners.

Lawrence A. Hamermesh, Morris, Nichols, Arsht & Tunnell, Wilmington, for respondent.

OPINION

BERGER, Vice Chancellor.

This is an appraisal proceeding pursuant to 8 Del.C. § 262 arising from the merger between Pollution Control Industries, Inc. ("PCI"), Advanced Horizons, Inc. and Tennyson Ventures, Inc. ("TVI") whereby TVI was merged into PCI and each PCI common stockholder was paid $2.65 per share. By the terms of a Stipulation and Order dated December 26, 1984, the parties have agreed that demands for appraisal for 86,166 shares...

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