Meade v. Pacific Gamble Robinson Co.

Pearson, J.,

delivering the opinion of the court:

The complainant, Meade, was a shareholder of a corporation which was merged with another. The defendant, Pacific Gamble Robinson Co., is the surviving corpo ration. Complainant obtained an appraisal of his shares pursuant to Section 61 of. the Delaware Corporation Law, Rev.Code of Del. (1935) § 2093, as amended by 43 Laws of Del. c. 132, § 16, p. 468 (imder the provisions existing prior to the 1943 amendment of the act [44 Del.Laws, c. 125, § 5]). The main question is whether defendant must pay interest from the date of the merger on the value…