Sheridan v. American Motors Corp.

GRIM, District Judge.

In June, 1954, a Michigan corporation, Hudson Motor Car Company, merged with and into a Maryland corporation, Nash-Kelvinator Corporation, • in such a way that Nash-Kelvinator Corporation became the surviving corporation with its name changed to American Motors Corporation. Plaintiffs were the owners of 4500 shares of Nash-Kelvinator Corporation at the time of the merger. They voted against the merger of the two corporations. They have filed this suit in equity requesting that three appraisers be appointed to determine the fair value of their shares at the time of the…