VSI Enterprises, Inc. v. Edwards
Court of Appeals of Georgia
1Opinion of the Court
Eldridge, Judge.
On June 28, 1996, Integrated Network Services, Incorporated (“INS”) merged with INS Acquisition Company, the wholly owned subsidiary of VSI Enterprises, Incorporated (‘VSI”). The INS shareholders received VSI shares as a result of the merger. Appellants are VSI and INS Acquisition Company.
Following the merger, INS delivered to its shareholders a notice explaining their right to dissent to the merger. The cover letter of the notice of dissenters’ rights was dated June 27, 1996. The notice stated that shareholders had a right to refuse to accept the consideration offered for…
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