Davis-Eisenhart Marketing Co. v. Baysden

LARSON, Justice.

In 1992, when Eisenhart and Associates of Des Moines and Davis Marketing Company, Inc. (both food brokers) proposed to merge the two corporations, Roger Baysden was a shareholder in one of the corporations. He dissented from the proposed merger and thereby put in motion the procedures of Iowa Code section 490.1330 (1993) to value his interest for buy out purposes. When the parties could not agree on a price, Eisenhart Marketing Company filed an action under Iowa Code section 490.1330 to determine the “fair value” of the stock. The district court set the value of Baysden’s…