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COMMONWEALTH v. HAVEG INDUSTRIES

411 Pa. 515 (1963)

Commonwealth, Appellant, v. Haveg Industries.

Supreme Court of Pennsylvania.

July 2, 1963.

Attorney(s) appearing for the Case

Vincent X. Yakowicz, Deputy Attorney General, with him Walter E. Alessandroni, Attorney General, for Commonwealth, appellant.

William H. Wood, with him Albert J. Tomalis, and Hull, Leiby and Metzger, for appellee.

Before BELL, C.J., MUSMANNO, JONES, COHEN, EAGEN, O'BRIEN and ROBERTS, JJ.

OPINION BY MR. JUSTICE COHEN, July 2, 1963:

In March, 1955, Haveg Industries, Inc. (then known as Continental-Diamond Fibre Company), entered into an agreement with the Budd Company, Inc., whereby the latter would purchase a substantial part of Haveg's assets. Among the assets to be purchased was a manufacturing plant located in Bridgeport, Pennsylvania. On July 1, 1955, Haveg delivered to Budd an executed deed to said real estate; and on July 2, 1955, the deed was...

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