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ANDALORO v. PFPC WORLDWIDE, INC.

C.A. No. 20289.

830 A.2d 1232 (2003)

John J. ANDALORO and Robert J. Perlsweig, Petitioners v. PFPC WORLDWIDE, INC., a Delaware corporation, Respondent.

Court of Chancery of Delaware, New Castle County.

Decided: September 12, 2003.

Attorney(s) appearing for the Case

Cathy L. Reese, Charles Michael Terribile, and Paul D. Brown, Greenberg Traurig, LLP, Wilmington, Delaware, for Petitioners.

Robert K. Payson, Kevin R. Shannon, Richard L. Renck, and Erica L. Niezgoda, Potter Anderson & Corroon LLP, Wilmington, Delaware, for Respondent.

OPINION

STRINE, Vice Chancellor.

This is an appraisal action brought by petitioners John J. Andaloro and Robert J. Perlsweig against respondent PFPC Worldwide, Inc. The petitioners seek appraisal of the value of the shares and options they owned in PFPC before it was merged with an acquisition vehicle of PFPC's indirect parent, PNC Financial Services Group, Inc., in a short-form merger under 8 Del. C. § 253 in which PFPC was the surviving entity...

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