Court Cites Factors in Revenue Ruling 59-60 to Determine 'Fair Value'; Minority and Marketability Discounts Left to Trial Court's Discretion

Business Valuation UpdateVol. 3 No. 12
Legal and Court Case Update
December 1997

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4833 Television Broadcasting Stations
515120 Television Broadcasting
shareholder dissent/oppression
fair value, discounted cash flow (DCF), market approach, minority interest, marketability
Weigel Broadcasting v. Smith
289 Ill. App. 3d 602, 682 N.E.2d 745, 1996 Ill. App. LEXIS 941
December 12, 1996
US
State Court
Illinois
Court of Appeals
John McCluskey (for plaintiff) <br> Thomas Buono (for defendant)
Wolfson

Summary

The issue in this case is the "fair value" to be assigned to the dissenting shareholders' common stock in Weigel, a company engaged in the business of commercial television broadcasting.

See Also

Weigel Broadcasting v. Smith

Full Text of Court Cases
December 12, 1996

At issue is the meaning of the words "fair value" in the Business Corporation Act.