6.What is the maximum share price at which Herbert Kohler should be willing to

settle with the dissenting shareholders in order to stop the trial on April 11,2000?

Assume that (i) if the trial proceeds, it is expected to last less than a month and to

result in one of two possible outcomes in terms of the price per share established

in court: the $273,000 being claimed by the plaintiffs, or the $55,400 being

defended by Herbert Kohler; (ii) Kohler estimates the probabilities of these two

outcomes at 30% and 70%, respectively.