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GONSALVES v. STRAIGHT ARROW PUBLISHERS

Civil Action No. 8474.

793 A.2d 312 (1998)

Laurel GONSALVES, Petitioner, v. STRAIGHT ARROW PUBLISHERS, INC., a Delaware corporation, Respondent.

Court of Chancery of Delaware, New Castle County.

Decided: March 26, 1998.

Attorney(s) appearing for the Case

Kevin G. Abrams, Thomas A. Beck, Russell C. Silberglied, Richards, Layton & Finger, Wilmington, Delaware, for petitioner.

Steven J. Rothschild, Joseph M. Asher, George F. Fraley, III, Skadden, Arps, Slate, Meagher & Flom, Wilmington, Delaware, Attorneys for Respondent.

MEMORANDUM OPINION AFTER REMAND

CHANDLER, Chancellor.

OPINION

In this statutory appraisal action on remand from the Delaware Supreme Court, the central issue is the nature of the corporate enterprise. The parties dispute the degree to which the most recent year's earnings of the company's chief operating asset reflect the value of the company as a whole. Petitioner's valuation places too much weight on the recent success of this asset to the exclusion...

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