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GOLDEN TELECOM, INC. v. GLOBAL GT LP

No. 392, 2010.

11 A.3d 214 (2010)

GOLDEN TELECOM, INC., Respondent Below, Appellant, v. GLOBAL GT LP and Global FT Ltd., Petitioners Below, Appellees.

Supreme Court of Delaware.

Decided: December 29, 2010.

Attorney(s) appearing for the Case

Raymond J. DiCamillo (argued) and Margot F. Alicks of Richards, Layton & Finger, P.A., Wilmington, Delaware; David M. Zensky , Samidh Guha , and Monica T. Duda of Akin Gump Strauss Hauer & Feld LLP, Of Counsel, New York, New York for appellant.

John L. Reed (argued), Paul D. Brown , K. Tyler O'Connell and Aleine M. Porterfield of Edwards Angell Palmer & Dodge LLP, Wilmington, Delaware for appellees.

Before STEELE, Chief Justice, HOLLAND and BERGER, Justices.

STEELE, Chief Justice:

On February 28, 2008, after a tender offer, Golden Telecom, Inc. merged into Lillian Acquisition, Inc., a wholly-owned subsidiary of Open Joint Stock Company Vimpel-Communications. Golden remained as the surviving entity, and all tendering Golden shareholders received $105 per share. Global GT LP and Global GT Ltd. (collectively, Global), Golden shareholders, sought appraisal. The Court of Chancery valued Golden at $125.49 per share. Golden...

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