(Download) "Cavalier Oil Corporation v. William J" by Supreme Court of Delaware ~ Book PDF Kindle ePub Free
eBook details
- Title: Cavalier Oil Corporation v. William J
- Author : Supreme Court of Delaware
- Release Date : January 05, 1989
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 68 KB
Description
This is an appeal by Cavalier Oil Corporation ("Cavalier") and a cross-appeal by William J Harnett ("Harnett") from a final
judgment of the Court of Chancery determining the fair value of 1,250 shares of stock owned by Harnett in EPIC Mortgage Servicing,
Inc. ("EMSI"), a closely-held Delaware corporation. The appraisal action followed a short form merger, pursuant to 8 Del.C.
§ 253, of EMSI into cavalier on November 20, 1984. Harnett rejected Cavalier's offer of $93,950 for his EMSI shares, electing instead to assert his appraisal rights under 8
Del.C. § 262. Consolidated appraisal proceedings were tried in the Court of Chancery which, after extensive post-trial
briefing, entered judgment fixing the value of Harnett's EMSI stock at $347,000. 1 This appeal and cross-appeal resulted.