Court of Chancery of Delaware October 29, 1959 (Coyne v. Park & Tilford Distillers Corp.)

Southerland, Chief Justice:

This is a stockholders’ attack on

the legality of a corporate merger.

Prior to March 26, 1958, Schenley Industries, Inc., a Delaware corporation, owned 242,742 (more than 96%) of the 252,328.61 shares of Park & Tilford Distillers Corporation, another Delaware corporation.