Chicago Corp. v. Munds

The Chancellor :

The defendants hold shares of convertible, preference stock of Continental Chicago Corporation which merged with Chicago Investors Corporation into a corporation called The Chicago Corporation, the com*145plainant in this cause. Continental Chicago Corporation appears to have been an investment corporation. Its assets totalled §21,658,694.02, consisting of cash amounting to over three million dollars, short term securities and notes receivable of nearly three million dollars, investments in the form of stocks and bonds of over fifteen million dollars and a few other smaller…