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    Provident Securities Co., a personal holding company contemplating liquidation, sold assets to Foremost-McKesson, Inc. Provident received from Foremost-McKesson as part of the purchase price convertible debentures which if converted into Foremost-McKesson’s...

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  • Kiehl v. Action Mfg. Co.

    Kiehl v. Action Mfg. Co. Supreme Court of Pennsylvania November 10, 1987, Argued ; December 24, 1987, Decided No. 21 E.D. Appeal Docket 1987 Opinion  [*184]   [**571]  OPINION OF THE COURT In this case we must decide whether a parent corporation is entitled...