Harris v. Ahtna, Inc.

OPINION

MATTHEWS, Justice.

The main question in this case is whether the superior court properly ordered specific enforcement of a buy-or-sell agreement between shareholders. We conclude that the court erred because the offer that triggered the buy-or-sell process did not set out a price that was equal regardless of which party bought or sold, and contained unpermitted conditions.

FACTS AND PROCEEDINGS

In May of 1999 Richard Harris and Ahtna, Inc., formed Ahtna Government Services Corporation (AGSC). AGSC’s primary business was to perform work for the federal government that is reserved for…