Alabama Joins 'No Marketability Discount' Trend in Shareholder Actions

Business Valuation UpdateVol. 9 No. 6
Legal and Court Case Update
June 2003
7372 Prepackaged Software
511210 Software Publishers
dissenting shareholder

James Offenbecher v. Baron Services, Inc. (III)
2003 Ala. LEXIS 103
April 4, 2003
State Court
Supreme Court
James [Butch] Williams, CBA, CPA/ABV (for Offenbecher), Gary Saliba, CFA, CFP (for Baron Services)


The issue of first impression in this dissenting shareholder action was whether the trial court's application of a marketability discount in determining the fair value of the dissenters shares in a cash-out merger was appropriate.

See Also

James Offenbecher v. Baron Services, Inc. (III)

Baron Services, Inc., an Alabama corporation ("Baron Services"), petitioned this Court for a writ of certiorari to review whether the Court of Civil Appeals erred in reversing the trial court's judgment with respect to the fair value of Baro ...