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MATTER OF QUILL v. CATHEDRAL CORP.

215 A.D.2d 960 (1995)

627 N.Y.S.2d 157

In the Matter of Steven F. Quill et al., Respondents-Appellants, v. Cathedral Corporation, Formerly Known as Columbia Corporation, Appellant-Respondent

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

May 25, 1995

Spain, J.

This proceeding was brought by petitioners to determine the fair value of their stock; petitioners had dissented from a proposed sale of respondent's assets comprising one of its business enterprises. Prior to the proposed sale, respondent was engaged in two distinct and separate lines of business. The first was run by Columbia Corporation and was engaged in the manufacture of paperboard products. The second business was run by Columbia's wholly...

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