Legal Opinion
In Re Glosser Bros., Inc.
Supreme Court of Pennsylvania
Decided January 30, 1989No. 01052; 00092PublishedCited by 30 opinions
1Opinion of the Court
BECK, Judge:
This is an appeal and cross-appeal from a trial court determination of the fair value of the common stock of appellant/cross-appellee Glosser Bros., Inc. (the “Company”). The impetus for the trial court’s valuation was a petition by the Company for a determination of the fair value to be paid to appellees/cress-appellants, shareholders of the Company who dissented from a management sponsored leveraged buy-out and merger of the Company pursuant to Section 515 of the Business Corporations Law. 15 Pa.Stat.Ann. § 1515 (1967 & Supp.1988).
I. Background
The Company is a Pennsylvania…
2Cases cited33 opinions
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Bass v. CommonwealthSupreme Court of Pennsylvania · 1979
- Kuisis v. Baldwin-Lima-Hamilton Corp.Supreme Court of Pennsylvania · 1974
- McKnight Shopping Center, Inc. v. Board of Property AssessmentSupreme Court of Pennsylvania · 1965
- Tri-Continental Corporation v. BattyeSupreme Court of Delaware · 1950
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3Cited by30 opinions
- Primavera v. Celotex Corp.Superior Court of Pennsylvania · 1992
- In Re Valuation of Common Stock of McLoon Oil Co.Supreme Judicial Court of Maine · 1989
- Commonwealth v. CruzSuperior Court of Pennsylvania · 2013
- Milan v. COM., DEPT. OF TRANSP.Commonwealth Court of Pennsylvania · 1993
- Pioneer Commercial Funding Corp. v. American Financial Mortgage Corp.Superior Court of Pennsylvania · 2002
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