Header graphic for print
Appraisal Rights Litigation Blog

Monthly Archives: February 2015

Supreme Court Affirms Without Opinion Chancery’s Resort To Merger Price

Posted in Appraisal Arbitrage, Fair Value, Independent Valuation, Interest on Appraised Value, Merger Price, Synergies

Last week the Delaware Supreme Court’s en banc hearing in the CKx case resulted in a simple affirmance, without opinion, of the Chancery Court’s 2013 decision that the merger price in this particular case was the best proxy for the fair value of petitioners’ stock.  In CKx, the Chancery Court had rejected the valuation methodologies… Continue Reading

Delaware Chancery Court Looks to Merger Price for Fair Value

Posted in Discounted Cash Flow Analysis, Fair Value, Independent Valuation, Merger Price, Valuation Expert

We posted last month about the Delaware Chancery Court’s ruling in Ancestry.com, in which it upheld the growing practice of appraisal arbitrage. The Chancery Court has now rendered its valuation decision in that case, finding the merger price itself to be the most fair measure of stockholder value on a going concern basis. As Reuters… Continue Reading