Legal Opinion
Salomon Bros. Inc. v. Interstate Bakeries Corp.
Court of Chancery of Delaware
Decided December 13, 1989No. Civ. A. 10,054PublishedCited by 7 opinions
1Opinion of the Court
OPINION
BERGER, Vice Chancellor.
This is the decision on a motion for summary judgment brought by Interstate Bakeries Corporation (“IBC”), the respondent in an appraisal proceeding. Petitioner, Sa-lomon Brothers Inc. (“Salomon”), the record and beneficial owner of 122,300 shares of IBC stock, seeks appraisal of those shares in connection with the April 29, 1988 merger of IBC with IBC Acquisition Corporation (“Acquisition”). In the course of discovery, IBC learned that Salo-mon began purchasing its IBC shares after the merger plans had been announced. Because of the timing of Salomon’s…
2Cases cited16 opinions
- Giuricich v. Emtrol Corp.Supreme Court of Delaware · 1982
- Realty Growth Investors v. Council of Unit OwnersSupreme Court of Delaware · 1982
- Voeller v. Neilston Warehouse Co.Supreme Court of the United States · 1941
- Salt Dome Oil Corp. v. SchenckSupreme Court of Delaware · 1945
- Anderson v. International Minerals & Chemical Corp.New York Court of Appeals · 1946
11 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Julin v. JulinSupreme Court of Delaware · 2001
- In Re Determination Pursuant to Chapter 31, Article 1, Sections 122 & 123 of the Code of West Virginia of 1931, Amended, of Fair Value of Shares of Bank of RipleyWest Virginia Supreme Court · 1990
- Andaloro v. PFPC Worldwide, Inc.Court of Chancery of Delaware · 2003
- In Re Appraisal of Dell Inc.Court of Chancery of Delaware · 2015
- In re Appraisal of Dell Inc.Court of Chancery of Delaware · 2015
2 more not listed; retrieve them via the Exa API.