14Jul
Delaware Supreme Court Affirms Appraisal Ruling Relying On Unaffected Market Price To Determine Fair Value
On July 9, 2020, in an en banc opinion authored by Chief Justice Collins J. Seitz, Jr., the Delaware Supreme Court affirmed a decision by the Delaware Court of Chancery, which relied on the unaffected stock price of Jarden Corporation to determine its fair value in a post-merger appraisal action. Fir Tree Value Master Fund, LP v. Jarden Corp., No. 454, 2019 (Del. July 9, 2020). “Although it is not often that a corporation’s unaffected market price alone could support fair value,” explained the...
By:
Shearman & Sterling LLP
Source Url: https://www.jdsupra.com/legalnews/delaware-supreme-court-affirms-45720/
Related
When it comes to effective internal whistleblower hotlines, silence is never a sign of success. It i...
Read More >
The U.S. Department of Labor unveiled its long-awaited final rule on the overtime “white collar” e...
Read More >
Seyfarth Synopsis: Seyfarth Shaw’s OSHA/MSHA group is at the ABA’s Occupational Safety and Health ...
Read More >
2018 saw the enactment of important changes to CASPA, a Pennsylvania law that helps contractors and ...
Read More >
A Singaporean construction company in liquidation has successfully sued one of its former directors ...
Read More >
Report on Supply Chain Compliance 3, no. 1 (January 9, 2020) - The United States Congress ratified ...
Read More >