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IN RE APPRAISAL OF METROMEDIA INTERN. GROUP

Civil Action No. 3351-CC.

971 A.2d 893 (2009)

In re APPRAISAL OF METROMEDIA INTERNATIONAL GROUP, INC.

Court of Chancery of Delaware.

Decided: April 16, 2009.

Attorney(s) appearing for the Case

Stuart M. Grant, Geoffrey C. Jarvis, Diane T. Zilka, and Alessandra C. Phillips, of Grant & Eisenhofer, P.A., Wilmington, Delaware; Lawrence C. Ashby, Stephen E. Jenkins, Philip Trainer, Jr., Richard L. Renck, and Toni-Ann Platia, of Ashby & Geddes, P.A., Wilmington, Delaware, Attorneys for Petitioners.

Arthur L. Dent, Michael A. Pittenger, and Berton W. Ashman, Jr., of Potter Anderson & Corroon LLP, Wilmington, Delaware; of Counsel: Steven Klugman, Gary W. Kubek, Helen V. Cantwell, Eliza M. Sporn, Courtney M. Dankworth, and Andrea Glen, of Debevoise & Plimpton LLP, New York, New York, Attorneys for Respondent.

OPINION

CHANDLER, Chancellor.

In this consolidated appraisal proceeding, dissenting petitioners seek a judicial determination of the "fair value" of the 7.25% Cumulative Convertible Preferred Stock of respondent Metromedia International Group, Inc. ("MIG"). This litigation arises from the August 22, 2007 merger of CaucusCom Mergerco Corp. ("MergerSub"), a wholly-owned subsidiary of CaucusCom Ventures, L.P...

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