Belk of Spartanburg, S.C., Inc. v. Thompson

CURETON, Judge:

In this stock valuation proceeding brought pursuant to S.C.Code Ann. § 33-13-300 (1977), appellant-stockholder Carolyn T. Thompson (Thompson) appeals the trial court’s valuation of her stock in respondent Belk of Spartanburg, S.C., Inc. We affirm as modified.

FACTS/PROCEDURAL HISTORY

Belk Department Store of Spartanburg, S.C., Inc. (“BDS”) decided to merge with Belk’s Department Store of Clinton, S.C., Incorporated. The merger was effective October 5,1996, and the resulting corporation was re-named Belk of Spartan-burg, S.C., Inc. (“BOS”).

At the time of the merger, Thompson and…