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ANDERSON v SAVOIR TECHNOLOGY GROUP Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 18,470, CourtCode: CC, CourtName: IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE, Plaintiff: ANDERSON, State: DE Delaware, UniqueCaseRef: DE>CC>00018470, Petitioner, Merger, Stock, Savoir Technology, Technology Group, Shares, Delaware Corporation, Dgcl, Pursuant, Preferred Stock, Tactful Acquisition, Expenses, Fees, Chancery, Neil, Anderson, Avnet, Payment, Provisions, Demand, Connection, Accordance, Objection, Agreement, Adequate Remedy, Wherefore, Petitioner Prays, Direct Payment , ContentID: 120240040

Case Documents
1 2000-10-31 PETITION FOR APPRAISAL
[ see first page and extracted highlights below  ] ItemID: 100745
3 pages
PDF
Total Documents: 1 document , 3 pages
Price: $ 19.95


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1 . PETITION FOR APPRAISAL

EXTRACTED KEY WORDS
MERGER
STOCK
SAVOIR TECHNOLOGY
TECHNOLOGY GROUP
SHARES
DELAWARE CORPORATION
DGCL
COURT
PURSUANT
PREFERRED STOCK
TACTFUL ACQUISITION
EXPENSES
FEES
CHANCERY
NEIL
ANDERSON
LAW
AVNET
PAYMENT
PROVISIONS
DEMAND
CONNECTION
ACCORDANCE
OBJECTION
AGREEMENT
ADEQUATE REMEDY
WHEREFORE
PETITIONER PRAYS
DIRECT PAYMENT
                 IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

                                 IN AND FOR NEW CASTLE COUNTY


NEIL T. ANDERSON,

                  Petitioner.

        V.

SAVOIR TECHNOLOGY GROUP, INC.,
a Delaware corporation,

                  Respondent.



                                   PETITION FOR APPRAISAL

        Pursuant to Section 262 of the General Corporation Law of the State of Delaware (the

"DGCL"),  .Neil T. Anderson (the "Petitioner") hereby petitions the Court of Chancery for a

determination of the fair value of shares of Series A Preferred Stock of Savoir Technology

Group, Inc. ("Savoir" or the "Company") and, in support thereof, states as follows:

        1.        At all times relevant hereto, Petitioner has been the holder of record of 50,000

shares of the Company's Series A Preferred Stock.

        2.        The registered agent in Delaware of the Company is The Corporation Trust

Company and its address for service of process is 1209 Orange Street, Wilmington, DE 1980 1.

        3.        The Company is one of the surviving corporations in a merger by and among

Savoir Technology Group, Inc., a Delaware corporation, Avnet, Inc., a New York Corporation,

and Tactfu,l  Acquisition Corp., a Delaware corporation, a wholly-owned subsidiary of Avnet, Inc.

(the "Merger"). Pursuant to the Merger, Tactful  Acquisition Corp. merged with and into Savoir

Technology Group, Inc., with Savior Technology Group, Inc. as the surviving corporation.

RLF-2225017-I


SNIPPETS:
  • IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
  • NEIL T. ANDERSON,
  • Pursuant to Section 262 of the General Corporation Law of the State of Delaware (the
  • .Neil T. Anderson (the "Petitioner") hereby petitions the Court of Chancery for a
  • determination of the fair value of shares of Series A Preferred Stock of Savoir Technology
  • Savoir Technology Group, Inc., a Delaware corporation, Avnet, Inc., a New York Corporation,
  • and Tactfu,l Acquisition Corp., a Delaware corporation, a wholly-owned subsidiary of Avnet,
  • Pursuant to the Merger, Tactful Acquisition Corp. merged with and into Savoir
  • Certificate of Merger of Tactful Acquisition Corp. with and into Savoir Technology Group,
  • Company's stock upon compliance with the provisions of Section 262 of the DGCL.
  • Petitioner executed a written demand dated on or about June 28,2000, and in all
  • withdrawn his objection and demand for appraisal.
  • Petitioner has not reached an agreement with
  • Company's stock in accordance with the provisions of Section 262 of the DGCL,
  • adequate remedy at law.
  • WHEREFORE, Petitioner prays that the Court:
  • determine and direct payment to Petitioner by the Company of the fair value at the
  • tax all costs of this proceeding, and the expenses incurred by the Petitioner in
  • connection herewith, upon the Company, including but not limited to attorneys fees and the
  •    |