Crescent/Mach I Partners L.P. v. Dr Pepper Bottling Co.

JACOBS, Justice:

Crescent/Mach I Partners L.P. and other minority shareholders of Dr Pepper Bottling Holdings, Inc. (“Holdings”), the plaintiff-petitioners below, appeal from a Court of Chancery order modifying an appraisal opinion. A settlement between the parties had mooted the appraisal opinion, and as a consequence that opinion no longer had any legal effect. Because any modification thereof was also moot, we must reverse and vacate the Court of Chancery’s modifying order.

FACTUAL AND PROCEDURAL BACKGROUND 1

This action arises out of the October 8, 1999, acquisition by merger of Holdings, a…