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LUDINGTON FRUIT EXCHANGE, INC v. DOLSON

Docket No. 151330.

204 Mich. App. 8 (1994)

514 N.W.2d 169

LUDINGTON FRUIT EXCHANGE, INC v. DOLSON

Michigan Court of Appeals.

Decided February 23, 1994, at 9:05 A.M.

Attorney(s) appearing for the Case

Pehrson & Nicholson (by Mark A. Pehrson), for the petitioner.

Thomas H. Andrews, Jr. & Associates (by Edward A. Newmyer), for the respondent.

Before: HOOD, P.J., and MURPHY and FITZGERALD, JJ.

PER CURIAM.

This is a case of first impression involving the buyout rights of a dissenting stockholder upon the merger of cooperative corporations.

Petitioner appeals as of right from the trial court's valuation of respondent's common stock at $6,333.65. Respondent cross appeals. We affirm in part, reverse in part, and remand.

Petitioner is a for-profit cooperative corporation organized under MCL 450...

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