· 7/1/1999
Onti, Inc. v. Integra Bank
Citations
- 751 A.2d 904
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- stating that valuation using assets at highest use is consistent with case law interpreting appraisal statute
- stating that minority shareholders could not be deprived of the development value of undeveloped '‘cornfields” in a cash-out merger based on the majority shareholder’s argument that a transaction would not occur without cashing out the minority
- applying discount to market value of shares because shareholders were restricted in their ability to sell shares under Securities and Exchange Commission Rule 144
- discussing the need to include value for a company’s development plans in order to prevent the majority stockholder from unfairly denying the minority any value by unfairly timing the merger
- considering stock price by valuing the shares at a discount to that price to ―factor in this limited market for the shares‖
- considering stock price by valuing the shares at a discount to that price to ―factor in this limited market for the shares‖
Source: CourtListener parenthetical corpus (CC0).
Judges: Chandler
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
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