MATTER OF MOHASCO CORP.


188 A.D.2d 407 (1992)

In the Matter of Mohasco Corporation, Respondent. Dean S. Adler et al., Appellants

Appellate Division of the Supreme Court of the State of New York, First Department.

December 17, 1992


In a valuation proceeding growing out of a two-step merger (see generally, Alpert v 28 Williams St. Corp., 63 N.Y.2d 557), we agree with the IAS Court that respondents received reasonable notice that the acquisition debt would be borne by the target corporation, and, taking into account other relevant facts and circumstances, especially the market value of the shares on the valuation date (see, Matter of Endicott...

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