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Appraisal Rights Litigation Blog

Delaware Chancery Awards 28% Premium in Dell Appraisal Case

Posted in Award Premium, Fair Value, Interest on Appraised Value, Merger Price

In a highly anticipated appraisal decision, Vice Chancellor Laster today valued Dell’s common stock at $17.62 per share, reflecting a 28% premium above the $13.75 merger price that was paid to Dell shareholders on October 29, 2013.  The court further ordered that interest shall accrue on this amount at the statutory rate of interest (5% over the Federal Reserve discount rate), compounding quarterly, from the merger date until the date of payment.