In re the Appraisal of Shares of Common Stock of Universal Pictures Co.

Pearson, Vice-Chancellor:

This is the first proceeding under the amended statute relating to the payment for stock of dissatisfied stockholders of merging or consolidating corporations.1 The ultimate question is which claimants have complied with the provisions of the section and become entitled to a valuation of and payment for shares of stock *76of the corporations concerned. There is no dispute with respect to four shareholders of Pictures, holding a total of *77360 shares. The corporation has raised objections on nu-grounds as to the other claimants. The determination of each question requires a…