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PASKILL CORP. v. ALCOMA CORP.

No. 321, 1999.

747 A.2d 549 (2000)

PASKILL CORPORATION, a Florida corporation, Petitioner Below, Appellant, v. ALCOMA CORPORATION, a Delaware corporation, and Okeechobee LLC, a Delaware limited liability company, Respondents Below, Appellees.

Supreme Court of Delaware.

Decided: March 7, 2000.

Attorney(s) appearing for the Case

Matthew E. Fischer (argued), Michael D. Goldman, Stephen C. Norman, Potter, Anderson & Corroon, Wilmington, Delaware; James F. Downey, Stroock, Stroock & Lavan, LLP, New York City; and Seth E. Frank, LeBoeuf, Lamb, Greene & MacRae, LLP, New York City, for appellant.

Arthur G. Connolly, III, Samuel D. Brickley, II, Henry E. Gallagher, Jr., Connolly, Bove, Lodge & Hutz, Wilmington, Delaware; George J. Noumair (argued), John V. Thornton, Michael S. Press, Noumair & Riad, P.C., New York City, for appellees.

Before VEASEY, Chief Justice, HOLLAND and BERGER, Justices.

HOLLAND, Justice:

This appeal relates to a stock appraisal proceeding that was initiated in the Court of Chancery by the petitioner-appellant, Paskill Corporation ("Paskill"), a 14.6% minority shareholder of Okeechobee, Inc. ("Okeechobee"), a Delaware corporation. The impetus for Paskill's petition for an appraisal was Okeechobee's merger with and into Okeechobee, LLC, a Delaware limited liability company wholly owned by...

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