Adams v. R. C. Williams & Co.

Seitz, Chancellor:

This is the decision on the exceptions of certain stockholders (“stockholders”) and the resulting corporation (“defendant”) to an appraiser’s final report determining the value of shares held by stockholders dissenting from a merger.

Old Judge Foods Corporation (“Old Judge”) was merged into R. C. Williams & Co., Inc., the defendant herein, effective December 9, 1957. The dissenting stockholders held only the $25 and the $10 par cumulative convertible preferred shares of Old Judge. It is tacitly agreed that differences between the two classes can be ignored for the purpose of…