Lewis v. Corroon Reynolds Corporation

Seitz, Vice-Chancellor:

I must determine the right of certain common stockholders to have an appraisal of their shares under Section 61 of the General Corporation Law of Delaware. Rev. Code 1935, § 2093.

Prior to August 23, 1946, the directors of Corroen & Reynolds Corporation (hereinafter called the “corporation”) and the directors of its wholly owned subsidiary Corroon & Reynolds, Inc. of Philadelphia had entered into an agreement of merger. On or about August 23, 1946, a notice of a special meeting of stockholders of the corporation was sent to all stockholders advising them of a meeting to…