Fair Value Is Pro Rata Share of Sale Price in Arm's-Length Asset Sale

Business Valuation UpdateVol. 9 No. 4
Legal and Court Case Update
April 2003
2844 Perfumes, Cosmetics, and Other Toilet Preparations
325620 Toilet Preparation Manufacturing
dissenting shareholder

Pro Finish USA, Ltd. v. Johnson
63 P.3d 288, 2003 Ariz. App. LEXIS 16
February 6, 2003
US
State Court
Arizona
Court of Appeals
Stephen K. Clarke, CPA/ABV (for dissenting stockholders)<br>James A. Larson (for Pro Finish)
Lankford

Summary

In this case of first impression under the Arizona dissenters' rights statute, the corporation appealed a trial court ruling accepting the dissenting shareholders' expert's conclusion of fair value over that of the corporation's expert.

See Also

Pro Finish USA, Ltd. v. Johnson

In this case of first impression under the Arizona dissenters' rights statute, the corporation appealed a trial court ruling accepting the dissenting shareholders' expert's conclusion of fai ...