Armstrong v. Marathon Oil Co.

I

We deal here with the difficult subject of the manner and criteria for the determination of the amount to be paid to a dissenting shareholder of a corporation which is to be merged into, or whose assests are to be sold to, an acquiring corporation. More specifically, we are asked to construe the Ohio statutes which provide for the compensation payable to such dissenting shareholders, and the case law which has construed such statutes.

Before addressing the issues presented for resolution, we will first set forth some of the background on the subject, the pertinent portions of the *402current,…