Norman Machinery Products, Inc. (B)

Describes in detail the solutions to problems surrounding the transfer of ownership of a family-owned business and summarizes the business and personal developments occurring in the family and business from 1971 through 1975. Detailed material is presented on the repurchase of a 40% minority interest held by an outside stockholder. Ends by posing the estate planning problem of the son, who now holds 100% of the common stock in the business and has a net worth of about $2 million consisting almost exclusively of this stock.