Jacques Coe & Co. v. Minneapolis-Moline Co.

75 A.2d 244 (1950)

JACQUES COE & CO. et al.

v.

MINNEAPOLIS-MOLINE CO.

Court of Chancery of Delaware, New Castle.

July 21, 1950.

Robert C. Barab, Wilmington, for petitioners and for stockholder-exceptants.

Robert H. Richards, Jr., of Richards, Layton & Finger, Wilmington, for defendant.

SEITZ, Vice Chancellor.

An appraiser acting under Section 61 of our General Corporation Law, Rev.Code 1935, § 2093, appraised the preferred and common stock of stockholders who chose not to accept the terms of a merger. This is the decision on exceptions to the appraiser's report.

The defendant corporation's preferred…