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IN THE MATTER OF MERGER AND CONSOLIDATION

2 N.J. Super. 580 (1949)

64 A.2d 652

IN THE MATTER OF THE MERGER AND CONSOLIDATION OF JANSSEN DAIRY CORPORATION AND PHILADELPHIA DAIRY PRODUCTS COMPANY, INC.

Superior Court of New Jersey, Law Division.

Decided March 4, 1949.

Attorney(s) appearing for the Case

Messrs. Milton M. Unger and Adrian M. Unger, (by Mr. ilton M. Unger,) for petitioners Sanders and Kromholz.

Mr. Edward Stover, for petitioners Brandes, individually and as administratrix, and Kertland.

Messrs. Lichtenstein & Engel (by Mr. Julius Lichtenstein,) for respondents.

WM. J. BRENNAN, JR., J.S.C.

Petitioners, owners of 1278 shares of 5% Preferred stock of Janssen Dairy Corporation, dissented from the merger and consolidation of the company effected December 31, 1947 under Revised Statutes 14:12-9, with Philadelphia Dairy Products Company, Inc., and by their petition filed January 23, 1948 invoked Revised Statutes 14:12-7, requiring appraisal of the full market value of their shares. The appraisers appointed on the...

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