ARMSTRONG v. MARATHON OIL CO.

Nos. 86-399 through 86-405.

32 Ohio St. 3d 397 (1987)

ARMSTRONG ET AL., APPELLEES; HARRELL, APPELLEE AND CROSS-APPELLANT, v. MARATHON OIL COMPANY, APPELLANT.

Supreme Court of Ohio.

Decided September 25, 1987.


Attorney(s) appearing for the Case

Ulmer, Berne, Laronge, Glickman & Curtis, Marvin L. Karp and Stephen A. Markus, for appellees Armstrong et al.

Weasel & Brimley and John F. Kostyo, for appellee White.

Benesch, Friedlander, Coplan & Aronoff, John J. Duffey and Jack Gregg Haught, for appellee Price, Trustee.

Dorothy M. Harrell, pro se.

Jones, Day, Reavis & Pogue, John L. Strauch, John M. Newman, Jr., Robert R. Weller, Susan J. Becker, Rakestraw & Rakestraw and Russell E. Rakestraw, for appellant.

Murray & Murray Co., L.P.A., Dennis E. Murray and Kirk J. Delli Bovi, urging reversal for amici curiae, Charles Nickels et al.


HOLMES, J.

I

We deal here with the difficult subject of the manner and criteria for the determination of the amount to be paid to a dissenting shareholder of a corporation which is to be merged into, or whose assests are to be sold to, an acquiring corporation. More specifically, we are asked to construe the Ohio statutes which provide for the compensation payable to such dissenting shareholders, and the case law which has construed such statutes.

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