Carl M. Loeb, Rhoades & Co. v. Hilton Hotels Corp.

Herrmann, Justice:

This appeal involves the validity, under the Delaware General Corporation Law, of objections to the merger of the Statler Hotels Delaware Corporation, a Delaware corporation, (hereinafter “Statler”) with the defendant Hilton Hotels Corporation, a Delaware corporation, (hereinafter “Hilton”).

As prerequisites to qualification for appraisal and payment for stock 8 Del.C. § 262(b) requires that a dissenting stockholder must (1) file with the corporation a written objection to the merger before the taking of the stockholder vote thereon; (2) refrain from voting his shares in…