Pink v. Cambridge Acquisition, Inc.

MARVIN H. SMITH (Retired, Specially Assigned), Judge.

The appellants are minority shareholders in Cambridge, Inc. (“Cambridge”), a Maryland corporation doing business in Cambridge, Maryland. Appellants were forced to give up their shares in Cambridge in a management buyout.1 The appellees are Cambridge, Inc. and Cambridge Acquisition, Inc. (“Acquisition”), a Delaware corporation that was formed to *64effectuate the buyout. In this appeal, appellants challenge a ruling by the Circuit Court for Dorchester County which terminated their efforts to exercise their appraisal rights. Although, for…