Summary
finding merger or consolidation in order to insure dissenting stockholders their appraisal rights
Summary of this case from Ramirez v. Amsted Industries, Inc.Opinion
Argued June 6, 1960 —
Decided June 13, 1960.
Appeal from the Superior Court, Chancery Division.
Mr. Daniel G. Kasen argued the cause for the appellants ( Messrs. Kasen, Schnitzer Kasen, attorneys; Mr. Morris M. Schnitzer, of counsel).
Mr. David Friedenberg argued the cause for the respondents Francis X. Conway, et al. ( Mr. Maurice C. Brigadier, attorney).
Mr. Philip J. Albert argued the cause for the respondent Benjamin Applestein ( Messrs. Levy, Levy Albert, attorneys).
Mr. Isadore Glauberman argued the case for the respondent United Board Carton Corporation ( Mr. Sheldon A. Weiss, on the brief).
Mr. Raymond Chasan argued the cause for the respondents Martha U. Beuerlein, et al. ( Messrs. Levy, Lemken Margulies, attorneys; Mr. Seymour Margulies, of counsel).
The judgment is affirmed essentially for the reasons given in the opinion of Judge Kilkenny in the court below.
For affirmance — Chief Justice WEINTRAUB, and Justices BURLING, JACOBS, FRANCIS, PROCTOR, HALL and SCHETTINO — 7.
For reversal — None.