Court Methodically Determines Fair Value by Weighting Three Methods

Business Valuation UpdateVol. 4 No. 7
Legal and Court Case Update
July 1998
7213 Linen Supply
812331 Linen Supply
dissenting shareholder
fair value, dissenting shareholder

Steiner Corp. v. Benninghoff
5 F. Supp. 2d 1117, 1998 U.S. Dist. LEXIS 8040
May 26, 1998
US
Federal Court
Nevada
United States District Court
Allan Kleidon (for Steiner)<br>David Nolte (for Benninghoff)
Reed

Summary

On July 26, 1994, Steiner Corp. merged with Steiner Holding Corp. and bought out all minority shareholders at a price of $1,200 per share, except for respondents who exercised dissenters rights.

See Also

Steiner Corp. v. Benninghoff

Issue was the fair value of the dissenter's stock under the Nevada dissenter's rights statutes.