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Appraisal Rights Litigation Blog

Monthly Archives: June 2015

Many Roads Lead to Enterprise Value

Posted in Comparable Companies, Discounted Cash Flow Analysis, Fair Value, Precedent Transactions

A widely followed corner of the blog is our “Valuation Basics” series, where in earlier posts we have described many of the components of the discounted cash flow analysis, the income-based valuation methodology preferred by Delaware’s Court of Chancery.  (See here, here, and here).  Earlier this month we examined a market-based valuation approach — the… Continue Reading

Valuation Basics: Comparable Companies Analysis

Posted in Comparable Companies, Fair Value, Valuation Basics, Valuation Expert

Our “Valuation Basics” series has focused on the various components of a discounted cash flow analysis under the income approach, which seeks to value a company based on the present value of its projected cash flows.  This post and those to follow in this series will now move away from the income approach and instead… Continue Reading

Settling Safeway Shareholders Achieve Substantial Premium Within Six Months of Closing

Posted in Award Premium, Distinct from Fiduciary Duty Claims, Merger Price

As reported in the Wall Street Journal, several investments funds who had exercised appraisal rights in connection with Albertsons’ acquisition of Safeway Inc. have now settled their appraisal case for a 26% premium over the merger price within just half a year after the deal closed.  The settlement, at $44 per share, netted $127 million… Continue Reading