SCHULTZ v. Mountain Telephone Co.

Opinion by

Mr. Justice Linn,

Dissenting shareholders of The Mountain Telephone Company, who were opposed to the sale of its assets to Conestoga Telephone and Telegraph Company, applied, pursuant to Section 5 of the Act 1 of May 20, 1921, P. L. 949, 15 PS 2415, for the appointment of “three disinterested persons to estimate and appraise the damage, if any, which such . . . stockholders have suffered or sustained by reason of” such sale. Three appraisers were appointed; after hearing and investigation, a majority of them reported (1) that the dissenting shareholders “have suffered or sustained no…