Beaumont v. American Can Co.

LASKER, District Judge.

This litigation arises out of the April 8, 1982 merger of Associated Madison Companies, Inc. (“Associated”) into AC Financial Services, Inc., a wholly-owned subsidiary of American Can Company (“American Can” or “American”). Before the merger, American Can, a New Jersey corporation, was engaged in a variety of enterprises, including the manufacture of cans and different paper products. Through its “Fingerhut Corporation” unit American Can also was involved in direct-mail marketing. Associated, a New York corporation prior to the merger, was a holding company engaged in…