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Hariton v. Arco Electronics, Inc.
Citation:188 a.2d 123 (1963)
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The case involves a sale of assets under section 271 of the Delaware Corporation Law. The defendant Arco and Loral Electronics Corporation are both engaged in the electronic equipment business. In 1961, they negotiated for an amalgamation of the companies and entered into a reorganization agreement and plan. Plaintiff, a stockholder who did not vote at the meeting, sued to enjoin the consummation of the plan on the grounds that it was illegal and unfair.
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