Cede & Co. v. Technicolor, Inc.

HOLLAND, Justice:

This appeal is from a final judgment of the Court of Chancery in an appraisal action. The proceeding arises from a cash-out merger of the minority shareholders of Technicol- or Incorporated (“Technicolor”), a Delaware corporation. With the approval from a majority of Technicolor’s shareholders, MacAn-drews & Forbes Group Incorporated (“MAF”) merged its wholly-owned subsidiary, Macanfor Corporation (“Macanfor”), into Technicolor. The only defendant-appel-lee in this appraisal action is Technicolor, the surviving corporation of the merger. The plaintiffs-appellants are…