M.P.M. Enterprises, Inc. v. Gilbert

VEASEY, Chief Justice.

In this appeal of a statutory appraisal action under 8 Del.C. § 262, we consider whether the Court of Chancery committed legal error or, alternatively, abused its discretion by applying an appraisal analysis that accorded no weight to the terms of the merger giving rise to the appraisal action or to the terms of two prior offers for equity stakes in the subject corporation. We further consider whether the Court of Chancery erred in refusing to consider the dilutive effect of alleged obligations incurred by the company to non-stockholder employees. We affirm the judgment…