DESTAG OF NORTH AMERICA v. LAN INTERN.

No. A98A1878.

512 S.E.2d 365 (1999)

236 Ga. App. 476

DESTAG OF NORTH AMERICA, INC. v. LAN INTERNATIONAL, INC.

Court of Appeals of Georgia.

February 16, 1999.


Attorney(s) appearing for the Case

Hotz & Associates, Walter H. Hotz, Tucker, for appellant.

Phelps, Campbell & Webb, R. Chris Phelps, Hodges & Leverett, Robert F. Leverett, Elberton, for appellee.


BEASLEY, Judge.

Destag of North America, Inc., the sole majority shareholder of Rowan Granite Quarry, Inc., brought this action in equity against Rowan's sole minority shareholder, LAN International, Inc., seeking specific performance of stock purchase rights under a shareholders' agreement.

Subparagraph 2(a) of the agreement requires any shareholder desiring to sell any of his shares to first obtain "a bona fide written offer" to purchase all of the shares...

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