In Re Valuation of Common Stock of McLoon Oil Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that \[a]ny rule of law that gave the shareholders less than their proportionate share of the whole firm's fair value would produce a transfer of wealth from the minority shareholders to the shareholders in control\
• noting that “[a]ny rule of law that gave the shareholders less than their proportionate share of the whole firm’s fair value would produce a transfer of wealth from the minority shareholders to the shareholders in control”
• noting the trial court’s consideration of a discounted cash flow analysis as part of the assessment of a corporation’s investment value
• affirming referee's choice of 8% interest rate because percentage fell at the approximate middle of the range of earnable interest rates — more than savings accounts and less than commercial paper
• rejecting marketability discount because of the equitable nature of the appraisal remedy and the fact that the appraisal statute does not focus on the stock as a commodity but rather as a proportionate part of the enterprise as a whole
• stating the district court must determine “the best price a single buyer could reasonably be expected to pay for the firm as an entity” and then “prorate[] that value for the whole firm equally among all shares of its common stock”

Source: CourtListener parenthetical corpus (CC0).