Santee Oil Co., Inc. v. Cox

Bussey, Justice:

Pursuant to the provisions of the South Carolina Business Corporation Act of 1962, S. C. C. A. 12-11.1 et seq. (1974 Supp.), Services, Incorporated, a South Carolina corporation, was merged with the plaintiff, Santee Oil Company, Incorporated, another South Carolina corporation, on September 30, 1971. When appellant, a minority stockholder in both companies, duly objected to the merger, respondent, the surviving corporation, instituted this statutory proceeding, to have the “fair value” of the dissenter’s shares.determined “as of the day prior to the date on which the. vote…