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GILBERT v. MPM ENTERPRISES, INC.

C.A. No. 14416.

709 A.2d 663 (1997)

Jeffrey D. GILBERT, Petitioner, v. MPM ENTERPRISES, INC., Respondent.

Court of Chancery of Delaware, New Castle County.

Decided: September 29, 1997.

Attorney(s) appearing for the Case

Allen M. Terrell, Jr. and Srinivas M. Raju of Richards, Layton & Finger, Wilmington, for Petitioner.

Jon E. Abramczyk and William M. Lafferty of Morris, Nichols, Arsht & Tunnell, Wilmington; Richard J. McCarthy of Edwards & Angell, Boston, MA, of counsel, for Respondent.

STEELE, Vice Chancellor.

Shareholder in closely held corporation dissented from approval of merger agreement and arguably perfected his statutory right to appraisal of the fair value of his shares pursuant to 8 Del. C. § 262. Petitioner is entitled to the fair value of his shares and compound interest on that fair value from the date of merger to the date of payment as calculated in accordance with the guidance...

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