Subscribe- Defense
- Sunbelt Beverage Corp
- Represented By:
- Graff, Howard (Dickstein Shapiro, LLP)
Summary
Suit brought by competitor and former minority shareholder of Sunbelt seeking rescissory relief for a statutory cash-out-merger that occurred in August 1997.
Outcome
The court determined that the fair value of Sunbelt Beverage Corporation at the time of the Merger was $114.04 per share. Defendants motion to strike exhibit A to Goldrings post-trial answering brief was granted
Goldring entilted to:
-pro rata share of Sunbelts fair value on the date of the Merger
-pre- and post-judgment interest, compounded quarterly, at a rate of five percent above the Federal Reserve discount rate on each day of the relevant time period
-all court and filing costs and experts fees
- Plaintiff
- Defense
- Judge
- William Chandler
- Jurisdiction
- Delaware Court Of Chancery
- Court
- Court of Chancery Courthouse
- Case Number
- 16089
- Industry
- Food
- Practice Area
- Mergers and Acquisitions
- Expert Witnesses
- Lay Witnesses
Sessions
AM Session
Plaintiff Witness(es)
6 Chapters
PM Session
Plaintiff Witness(es)
9 Chapters
AM Session
Not in Session
0 Chapters
PM Session
Not in Session
0 Chapters
AM Session
Not in Session
0 Chapters
PM Session
Plaintiff Witness(es)
3 Chapters
AM Session
Plaintiff Witness(es)
6 Chapters
PM Session
Plaintiff Witness(es)
7 Chapters