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Appraisal Rights Litigation Blog

Monthly Archives: November 2013

Trading Price Is Not Indicative of The Fair Value of Stock Subject to Appraisal

Posted in Fair Value, Independent Valuation, Stock Market Price

As one Delaware judge put it long ago, the Delaware courts conducting an appraisal proceeding have long ago “rejected placing absolute confidence in the market price for a share of stock.” Kleinwort Benson Ltd. v. Silgan Corp., No. 11107, 1995 Del. Ch. LEXIS 75 (Del. Ch. June 15, 1995) (Chandler, V.C.). For one thing, a… Continue Reading