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LONGPATH CAPITAL, LLC v. RAMTRON INTERNATIONAL CORPORATION

C.A. No. 8094-VCP.

LONGPATH CAPITAL, LLC, a Delaware limited liability company, Petitioner, v. RAMTRON INTERNATIONAL CORPORATION, a Delaware corporation, Respondent.

Court of Chancery of Delaware.

Decided: June 30, 2015.

Attorney(s) appearing for the Case

David A. Jenkins, Esq. , Laurence V. Cronin, Esq. , SMITH, KATZENSTEIN & JENKINS LLP, Wilmington, Delaware; Attorneys for Petitioner.

A. Thompson Bayliss, Esq. , Sara E. Hickie, Esq. , ABRAMS & BAYLISS LLP, Wilmington, Delaware; Attorneys for Respondent.

MEMORANDUM OPINION

In this appraisal action, the petitioner asks the Court to determine the fair value of its shares in the respondent. On November 10, 2012, a third party acquired the respondent in a hostile cash merger for $3.10 per share. The deal had an equity value of approximately $110 million and paid a...

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