In Re: Sunbelt

VERDICT

Trial
04/14/09 – 04/17/09

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. Defendant’s motion to strike exhibit A to Goldring’s post-trial answering brief was granted

Goldring entilted to:
-pro rata share of Sunbelt’s 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

Case Information
Attorneys
Witnesses
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
Plaintiff
Sunbelt Shareholders
Defense
Sunbelt Beverage Corp
Expert Witnesses
    Lay Witnesses

    Sessions

    APR
    14
    AM Session
    Not in Session
    0 Chapters
    PM Session
    Not in Session
    0 Chapters
    APR
    15
    AM Session
    Not in Session
    0 Chapters
    APR
    16
    APR
    17

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