Legal Opinion
Rapid-American Corp. v. Harris
Supreme Court of Delaware
Decided January 23, 1992PublishedCited by 53 opinions
1Opinion of the Court
MOORE, Justice.
This consolidated appeal challenges the results of a statutory appraisal of Rapid-American Corporation (“Rapid”) which awarded certain dissenting shareholders $51.00 per share. On January 31, 1981, Rapid and R.K. Holding Corporation merged into Kenton Corporation (“Kenton”). After the merger, Rapid was transformed into a privately-held corporation. Meshulam Riklis and his family acquired 60% of Rapid through his controlling interest in Kenton. Carl H. Lindener, Riklis’ partner, obtained the other 40% of Rapid’s shares through his controlling interest in American Financial…
2Cases cited17 opinions
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Levitt v. BouvierSupreme Court of Delaware · 1972
- Cavalier Oil Corp. v. HarnettSupreme Court of Delaware · 1989
- Gilbert v. El Paso Co.Supreme Court of Delaware · 1990
- Rabkin v. Philip A. Hunt Chemical Corp.Supreme Court of Delaware · 1985
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3Cited by53 opinions
- M.G. Bancorporation, Inc. v. Le BeauSupreme Court of Delaware · 1999
- Gotham Partners, L.P. v. Hallwood Realty Partners, L.P.Supreme Court of Delaware · 2002
- Scion Breckenridge Managing Member, LLC v. ASB Allegiance Real Estate FundSupreme Court of Delaware · 2013
- Parfi Holding AB v. Mirror Image Internet, Inc.Supreme Court of Delaware · 2002
- Shawnee Telecom Resources, Inc. v. BrownKentucky Supreme Court · 2011
48 more not listed; retrieve them via the Exa API.