'Net Asset Value' Rejected as Form of Liquidation

Business Valuation UpdateVol. 6 No. 4
Legal and Court Case Update
April 2000
6719 Offices of Holding Companies, NEC
551112 Offices of Other Holding Companies
shareholder dissent/oppression
fair value, net asset value, american institute of certified public accountants (AICPA), cash-out merger

Paskill Corp. v. Alcoma Corp.
747 A.2d 549,2000 Del. LEXIS 117
March 7, 2000
State Court
Supreme Court


This appeal arose out of a cash-out merger of the minority stockholders of a closed-end investment fund known as Okeechobee Inc.

See Also

Paskill Corp. v. Alcoma Corp.

At issue is the fair market value of minority shareholder's stock at the time of a merger.