The Law Reports (Chancery Division)
[1945] Ch 220
[CHANCERY DIVISION]
In re
EVERTITE LOCKNUTS, LIMITED.
1945 Feb. 12.
VAISEY J.
Company
— Acquisition by one company of shares in another
— Approval by holders of shares exceeding nine-tenths of capital value
— Objection by dissenting shareholder
— Right of transferee company to acquire shares
— Onus of proof that scheme is unfair or agreed price inadequate
—
Companies Act, 1929 (19 & 20 Geo. 5, c. 23), s. 155.