Endicott Johnson Corp. v. Bade

As a result of a proposed merger between petitioner, Endicott Johnson Corporation (herein designated E. J.), and McDonough Co., the court appointed an appraiser to receive evidence and recommend a decision as to the fair value of shares owned by dissenters to the proposed corporate merger. The report of the appraiser recommended, arid fixed the fair value of E. J. common stock at $45.75 per share; the trial court accepted that report. Petitioner E. J. claims this figure is too high, and some of the respondents cross-appeal contending this sum, as well as the award of interest and counsel…