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DELAWARE OPEN MRI RADIOLOGY v. KESSLER

C.A. No. 275-N.

898 A.2d 290 (2006)

DELAWARE OPEN MRI RADIOLOGY ASSOCIATES, P.A., Petitioner, v. Howard B. KESSLER, et al., Respondents. Howard B. Kessler, et al., Plaintiffs, v. George J. Broder, et al., Defendants.

Court of Chancery of Delaware, New Castle County.

Decided: April 26, 2006.

Attorney(s) appearing for the Case

Cathy L. Reese, Esquire, Titania R. Mack, Esquire, Greenberg Traurig, LLP, Wilmington, Delaware; Douglas Evan Ress, Esquire, Kaufman, Coren & Ress, PC, Philadelphia, Pennsylvania, Attorneys for Respondents/Plaintiffs.

David E. Wilks, Esquire, Thad J. Bracegirdle, Esquire, Buchanan Ingersoll PC, Wilmington, Delaware; Howard D. Scher, Esquire, Steven E. Bizar, Esquire, Eliot G. Long, Esquire, Buchanan Ingersoll PC, Philadelphia, PA, Attorneys for Petitioner/Defendants.

OPINION

STRINE, Vice Chancellor.

This case is another progeny of one of our law's hybrid varietals: the combined appraisal and entire fairness action. In this case, the key question is whether the minority stockholders of Delaware Open MRI Radiology Associates, P.A. ("Delaware Radiology") received fair value in a squeeze-out merger with an acquisition vehicle of the majority stockholders, Delaware Open Acquisition, P.A. ("Delaware Acquisition"). The majority...

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