Legal Opinion
Hariton v. Arco Electronics, Inc.
Court of Chancery of Delaware
Decided January 24, 1963PublishedCited by 17 opinions
1Opinion of the Court
Southerland, Chief Justice:
This case involves a sale of assets under § 271 of the corporation law, 8 Del.C. It presents for decision *75the question presented, but not decided, in Heilbrunn v. Sun Chemical Corporation, 38 Del.Ch. 321, 150 A 2d 755. It may be stated as follows:
A sale of assets is effected under § 271 in consideration of shares of stock of the purchasing corporation. The agreement of sale embodies also a plan to dissolve the selling corporation and distribute the shares so received to the stockholders of the seller, so as to accomplish the same result as would be accomplished by a…
2Cases cited9 opinions
- Sterling v. Mayflower Hotel Corp.Supreme Court of Delaware · 1952
- Federal United Corp. v. HavenderSupreme Court of Delaware · 1940
- Keller v. Wilson Co. Inc.Supreme Court of Delaware · 1936
- Drug, Inc. v. HuntSupreme Court of Delaware · 1933
- Finch v. Warrior Cement Corp.Court of Chancery of Delaware · 1928
4 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Kidwell v. MeikleCourt of Appeals for the Ninth Circuit · 1979
- Dennis Frandsen v. Jensen-Sundquist Agency, Inc. And First Wisconsin CorporationCourt of Appeals for the First Circuit · 1986
- Westinghouse Electric Corporation v. National Labor Relations BoardCourt of Appeals for the Seventh Circuit · 1987
- Wolfensohn v. Madison Fund, Inc.Supreme Court of Delaware · 1969
- Hariton v. Arco Electronics, Inc.Supreme Court of Delaware · 1963
12 more not listed; retrieve them via the Exa API.