- 72 -
Co. We have adopted Mr. Matthews' 3-percent premium for voting
privileges because we give the greatest weight to the fact that
Don, Gay, and Scott would be inclined to vote in a manner that
would maximize their children's interests. Thus, we believe the
collective premium for the voting privileges of the 76.445 shares
of class A stock of J.R. Simplot Co. as of the valuation date is
$24.9 million (3 percent x $830 million), or $325,724.38 per share.
The following chart summarizes our valuation determinations
for decedent's 18 shares of class A voting stock and 3,942.048
shares of class B nonvoting stock of J.R. Simplot Co. as of the
valuation date before considering any discounts:
Class A Voting Stock Valuation
Number of class A shares (A) 76.445
Number of class B shares (B) 141,288.584
Total number of shares (T) 141,365.029
Equity value of J.R. Simplot
Co. (Q) $830,000,000
Pro-rata share of equity value
(E) = Q/T 5,871.32
Premium for voting privileges on
a per share basis 325,724.38
Value per share 331,595.70
x 18
Value of decedent's 18 shares of
class A voting stock, before
discount 5,968,772.60
Page: Previous 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 NextLast modified: May 25, 2011