ENSTAR CORP. v. SENOUF


535 A.2d 1351 (1987)

In the Matter of the Appraisal of ENSTAR CORPORATION, Respondent below, Appellant, v. Lucie SENOUF, and Prudential-Bache Securities Inc. for Margaret S. Earle, Claimants Below, Appellees.

Supreme Court of Delaware.

November 30, 1987.


Attorney(s) appearing for the Case

Charles F. Richards, Jr., Samuel A. Nolen, (argued) of Richards, Layton & Finger, Wilmington, for appellant.

Michael D. Goldman, James F. Burnett (argued), Kathleen T. Furey, and Laurie A. Silverstein of Potter, Anderson and Corroon, Wilmington, for appellee Prudential-Bache.

Lawrence C. Ashby (argued) and Stephen E. Jenkins of Ashby, McKelvie & Geddes, Wilmington, for appellee Senouf.

Before CHRISTIE, C.J., MOORE and HOLLAND, JJ.


MOORE, Justice:

This appeal by Enstar Corporation (Enstar) presents issues relating to the perfection of stock appraisal rights under 8 Del. C. § 262 (1983) by persons whose shares are held in "street" or nominee names. Thus, we are required to address the definition of the term "stockholder" in Section 262(a).

Plaintiffs Lucie Senouf and Margaret S. Earle brought these consolidated appraisal actions in the Court of Chancery against Enstar following...

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