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IN RE McLOON OIL CO.

565 A.2d 997 (1989)

In re VALUATION OF COMMON STOCK OF McLOON OIL CO., et al.

Supreme Judicial Court of Maine.

Decided November 3, 1989.

Attorney(s) appearing for the Case

Peter M. Garcia (orally), Jane Z. Schau, Skelton, Taintor & Abbott, Auburn, Joel Seligman, University of Michigan School of Law, Ann Arbor, Mich., for Lido Co. of N.E.

Howard H. Dana, Jr. (orally), Verrill & Dana, Portland, for dissenting shareholders.

Before McKUSICK, C.J., and ROBERTS, WATHEN, GLASSMAN and HORNBY, JJ.

McKUSICK, Chief Justice.

Ten years ago we examined for the first time the principles to be applied in finding the "fair value" of a dissenting shareholder's stock under the recently enacted Maine Business Corporations Act.1 See In re Valuation of Common Stock of Libby, McNeill & Libby, 406 A.2d 54 (Me.1979). Libby involved a public corporation with common stock listed on the New York...

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