United States Can Co. v. Freiberg

The United States Can Company was incorporated under the laws of Ohio in 1916. In 1927 it had outstanding 62,500 shares of common stock of no par value and 20,000 shares of preferred of $100 par value. It also had outstanding a mortgage bond issue of $1,200,000. In December, 1927, negotiations were had between the president of the United States Company and representatives of the Continental Can Company, Inc., looking to a merger of the two' companies. On January 21, 1928, an agreement for the practical union of the two was entered into, and on February 6, 1928, deeds and bills of sale were…