Third-Party Sale Value Must Be Considered

Business Valuation Update BVLaw
Legal and Court Case Update
December 30, 1998
4813 Telephone Communications, Except Radiotelephone
517311 Wired Telecommunications Carriers
shareholder dissent/oppression
fair value

Pacific Telecom, Inc. v. Gabelli Funds, Inc.
1998 U.S. App. LEXIS 33130
Federal Court
9th Circuit
United States Court of Appeals
Mr. Muoio <for Gabelli>
Canby, Hawkins, Silver


In this unpublished memorandum opinion, the 9th Circuit reversed the district court's appraisal of the fair value of Gabelli's shares of Pacific Telecom Inc.

See Also

Pacific Telecom, Inc. v. Gabelli Funds, Inc.

At issue is the valuation of the Gabelli Funds, Inc. fair value of its shares in Pacific Telecom, Inc.