Skipwith v. Federal Water & Gas Corp.

On October 31, 1941, a consolidation of certain Delaware corporations was effected pursuant to the laws of that State, and the defendant is the resulting or surviving corporation. The plaintiffs were stockholders in one of the corporations and objected to the merger; as permitted by section 61 of the Delaware Corporation Law (Revised Code of Delaware [1935], § 2093) the plaintiffs demanded that the value of their stock be appraised as of said date of consolidation and appraisers were appointed; on January 15,1943, the appraisers made their decision and gave notice of the values found by them.…