Dynamics Corp. of America v. Abraham & Co.

Dynamics Corporation of America (herein called “ Dynamics ”) has brought a proceeding (1) to determine which, if any, of the respondents are entitled to have the value of their shares of Reoves-Ely Laboratories, Inc. (herein called “Reeves”) appraised pursuant to section 21 of the Stock Corporation Law, and (2) to appraise the value of the shares held by those deemed so entitled.

Two other proceedings were instituted the same day by two sets of minority stockholders of Reeves who dissented to the merger of Reeves with Dynamics. They request an appraisal and payment of the value of their…